2.

Which of the following statements is true?

(a)		Present value calculations involve converting the initial amount into a future amount.
(b)		The present value (PV) is often called the compounded value of future cash payments.
(c)		The present value is calculated by using the discount factor.
(d)		The future value of an investment is the reciprocal of its present value.

3.

As per the rule of 72, the time to double your money (TDM) approximately equals:

(a)		72/n.
(b)		72/i.
(c)		72/Initial investment.
(d)		72/Future value.