Fnce 370 Mc 2,34

All else being equal, the present value of $X in T years at a discount rate of r isSelect one:a. lower if $X is higher. b. lower if T is smaller. c. lower if r is higher. d. higher if r is higher. e. higher if T is larger. Question 2Not yet answeredMarked out of 1.00Flag questionQuestion textThe present value factor is simply a ________ of the future value factor.Select one:a. multiple b. logarithm c. normal distribution d. reciprocal e. exponent Question 3Not yet answeredMarked out of 1.00Flag questionQuestion textYou are in the process of budgeting for your university education. You estimate that you will need about $65,000 to go back to university in 5 years. You have already saved $30,000. You want to invest this money for the next 5 years, and then use the future proceeds to finance your university education. What is the minimum annual rate of return you must obtain on your investment in order to achieve your goal?Select one:a. 29.40% b. 23.33% c. 21.32% d. 16.72% e. 13.75% The quantity 1/(1+r)t is theSelect one:a. future value interest factor.b. present value interest factor.c. discount