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What would happen if interest rates were negative

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Reference no: EM132238979

i) Your goal is to save up $30000 to use as a future down payment. If you save $4349 every year in an account that earns 19% annually, how long will you be saving? Answer in years and round to two decimal places.

ii) What would happen if interest rates were negative?

A) You would have an error

B) Present value would be smaller than future value

C) Present value would be greater than future value

D) Money would be very expensive

Reference no: EM132238979

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