Answer the following statements true (T) or false (F)
1. When computing an interest or growth rate, the rate will decrease with an increase in future value, holding present value and the number of periods constant.
2. When computing an interest or growth rate, the rate will increase with a decrease in future value, holding present value and the number of periods constant.
3. 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.
4. When computing the number of deposits needed to accumulate a future sum, it will take longer if the interest rates are higher, holding the future value and deposit size constant.
1. FALSE
2. FALSE
3. TRUE
4. FALSE
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Indicate whether the statement is true or false
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Fill in the blank(s) with correct word