1/You have $5,000 you want to invest for the next 45 years. You are offered an investment plan that will pay you 6 percent per year for the next 15 years and 12 percent per year for the last 30 years. How much will you have at the end of the 45 years?

2/ The higher the discount rate, the higher the present value today of money to be received in the future.

A. True B. False