Tom and Antonio both want to open savings accounts today. Tom wants to have $1,000 in his savings account six years from now. Antonio wants to have $1,000 in his savings account three years from now. Antonio needs to deposit more money into his account today than does Tom.
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Q1: The future value will increase the longer
Q3: The future value will increase the shorter
Q4: Interest earned on the reinvestment of previous
Q5: As the discount rate increases, the future
Q6: Future value is always higher than present
Q7: Given a constant discount rate, the larger
Q8: Present values increase as the discount rate
Q9: Jamie deposits $1,000 into an account that
Q10: Tom and Antonio both want to open
Q11: Present values increase the further away in
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