Choose the statement that is correct. A. The effect of compounding is large over a short amount of time, but decreases as more time passes. B. For a given time period, the higher the interest rate, the higher the future value will be. C. For a given time period, the higher the interest rate, the higher the present value will be. D. The effect of compounding is large for low interest rates, but decreases as interest rates get higher. E. For a given interest rate, the shorter the time period, the higher the future value will be.