1. What is the Future Value of $15,000 invested for 6 years at a quarterly interest rate of 1.55% ? a) $23,546.63 b) $21,519.81 c) $21,697,49 d) $20,965.55 2. What is the Present Value of a cash flow of $60,000 received in 9 years time assuming a discount rate of 6.5% ? a) $35,513.91 b) $31,963.56 c) $27,625,67 d) $34,041.19 3. Which of the following factors will reduce the Future Value of an investment? a) Earn a higher rate of interest b) Reduced compounding frequency c) Investment for a longer period of time d) A reduced original investment