Answer the following statement(s) true (T) or false (F)
1. For a given interest rate, the future value of $100 increases with the passage of time. Thus, the longer the period of time, the greater the future value.
2. The greater the potential return on an investment and the longer the period of time, the higher the present value.
3. Everything else being equal, the higher the interest rate, the higher the future value.
4. The future value increases with increases in the interest rate or the period of time funds are left on deposit.
5. Everything else being equal, the higher the discount rate, the higher the present value.
1. True
2. False
3. True
4. True
5. False
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