F What is the approximate future value of $1,000 compounded at 10% interest (end of period) over a three-year period? a $ 990 b. $1,100 $1,150 d. $1,330 What does the formula FVn = P(1+1) calculate? a. the future value of a single sum b. the present value of an annuity the present value of a single sum d. the future value of an annuity What does inflation represent? a. the time value of money b. a price-rise characteristic a discount value C. d. the level of expectations that something will happen in the future When is a favourable operating leverage achieved? a. when a change in revenue generates a larger change in EBIT b. when a change in revenue generates a smaller change in EBIT c. when a change in fixed costs generates a larger change in EBIT d. when a change in fixed costs generates a smaller change in EBIT