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
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Home » Business » 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?