The future value of one dollar today in five years ______ as the interest rate increases.DecreasesIncreasesdoes not changecannot be determinedNone of these are correct

Which of the following is/are correct?• A: The interest rate, i, makes current and future currency amounts equiv-alent based on their time value.• B: The future value, FV is the present value, PV, times the future valuefactor, (1 + i)n.• C: The effective annual rate is the amount by which a unit of currencywill grow in a year with interest on interest included.

Find the future value at the end of 5 years of $900 invested today at an interest rate of 17 per cent.a.$1992.1b.$1968.62c.$1976.5d.$1973.2

Question 1a) Find the present value of $500 due in 3 years at 8.75% p.a. compounded quarterly.b) Find the future value of $2,000 invested for 5 years at 5.85 % p.a. compounded daily.c) Find the future value of $2,000 invested for 3 years at 5.85% p.a., compounded dailythen at 5.5% p.a., compounded continuously for the next 2 years. No furthercompounding after year 5.Note: round your answers to 2 decimal places.

Select the correct answerThe rate of simple interest per annum of bank being decreased from 5% to 3.5%, the annual income of a person from interest was less by Rs. 105. The sum deposited at the bank was?

As the interest rate increases for any given period, the future value will