Answer:
II. Increasing the interest rate;
III. Increasing the time period;
Explanation:
these two factors will increase the future value of a lump sum investment.
This can be explained as -
Suppose, a sum of $ 1,000 invested for 10 years @ 5 %, it will result in $ 1,628.89.
Now, if we increase the time period to 11 years, it will result in 1,710.34 And now if we increase the rate of interest to 6 %, it will result in $ 1,898.30
