When computing the number of deposits needed to accumulate to a future sum, it will take longer if the interest rate decreases, holding the future value and deposit size constant.

Name: When computing the number of deposits needed to accumulate to a future sum, it will take longer if the interest rate decreases, holding the future value and deposit size constant.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is because a lower interest rate means that each deposit earns less interest, so more deposits are needed to reach the future sum.

When Computing the Number of Deposits Needed to Accumulate to a Future