1. What is the future value of $1 in Period 4 when the interest rate is 5%? a. $1.00 b. $1.16 c. $1.22 d. $1.63 -Select- 2. If the interest rate were 10%, how many periods would it take for the future value to be worth $1.95? a. 3 periods b. 5 periods C. 6 periods d. 7 periods -Select- 3. Consider the future value of $1 in 10 periods when the interest rate is 5%. When the interest rate doubles to 10%, the a. Increases but by less than double b. Exactly doubles c. Increases by more than double d. Cannot be determined -Select