12 points Save Answer Please answer the following questions (each question is worth 2 points for a total of 12 points) 1. What is the time value of money? Why is it so important? 2 The processes of discounting and compounding are related. Explain this relationship 3. How would an increase in the interest rate () or a decrease in the holding period (n) affect the future value (FV) of a sum of money? Explain why 4 Suppose you were considering depositing your savings in one of three banks, all of which pay 5 percent interest bank A compounds annually, bank B compounds semiannually, and bank C compounds daily. Which bank would you choose? Why? 5. What is an annuity? Give some examples of annuities What is the difference between an annuity and a perpetuity? 6. What is the "Rule of 72" 2 Please explain