Question

C. what conclusions can you draw about the relationship between interest rates, time, and future sums from the calculations you just did?

Answer 1

Positive the present value of a sum of money will always be less than its future value conclusions can we draw about the relationship between interest rates, time, and future sums from the calculations we just did.

The Power of Compound Interest shows how you can really put your money to work and watch it grow. When you earn interest on savings, that interest then earns interest on itself and this amount.

This is the number of times the accumulated interest per year is paid out. Generally, the greater the number of compounding periods, the greater the amount of compound interest. The tax rate and the time at which it's imposed.

Learn more about interest rates here

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