9 of 27 View Policies -/3 = : Current Attempt in Progress Which of the following is a correct definition for one of the variables fundamental to all compound interest problems? O The rate of interest is a semi-annual rate that must be adjusted, if necessary, to the length of the compounding period. O The present value is the value now (present time) for a future sum or sums discounted assuming compound interest. O The future value is the value at a future date of a given sum or sums invested assuming simple interest. O The number of time periods is the number of compounding periods where each period may be equal to or greater than a year. Save for Later Attempts: 0 of 1 used Submit