With respect to the effect of changes in the stated interest rate and holding periods on future sums, which of the following statements is correct? (Select the best choice below.)
A. An increase in the stated interest rate will decrease the future value of a given sum. Likewise, an increase in the length of the holding period will decrease the future value of a given sum.
B. An increase in the stated interest rate will increase the future value of a given sum. Likewise, an increase in the length of the holding period will increase the future value of a given sum.
C. An increase in the stated interest rate will increase the future value of a given sum. Whereas, an increase in the length of the holding period will decrease the future value of a given sum.
D. An increase in the stated interest rate will decrease the future value of a given sum. Whereas, an increase in the length of the holding period will increase the future value of a given sum.
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