The quantity 1/(1+r)t is theSelect one:a. future value interest factor.b. present value interest factor.c. discount factor.d. present value annuity factor.e. both b and cQuestion 5Not yet answeredMarked out of 1.00Flag questionQuestion textMost personal bank accounts in Canada pay ________ interest.Select one:a. simple not sureb. compoundc. complexd. continuouse. annualQuestion 6Not yet answeredMarked out of 1.00Flag questionQuestion textYou invest $10,000 into your portfolio of investments and expect to earn 12% per year for the next 5 years. How much money will you have if you sell these investments at the end of the fifth year?Select one:a. $17,623.42b. $16,000.00c. $12,000.00