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Kendall is investing $3,333 today at 3 percent annual interest for three years. Which one of the following will increase the future value of that amount?Shortening the investment time periodPaying interest only on the principal amountPaying simple interest rather than compound interestPaying interest only at the end of the investment period rather than throughout the investment periodIncreasing the interest rate

Respuesta :

Karabo99

Answer:

Increasing the interest rate

Explanation:

Future values and interest has direct relationship, if the interest rate increase, the future values increase.

The only way the Future value is gonna increase is if the interest rate increases.

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