If the interest rate is zero and/or there is no time passing, then

a.The present value will be equal to the future value.

b.The present value will be doubled to get the future value.

c.The future value will be one-half of the present value.

d.There is no way to compute the present value or future value.

e.The future value will be ten times the present value.

The rate that banks are required to use in quoting rates to customers is (by order of Reg CC):

a.The Fisher Effect

b.The Effective Annual Rate

c.The Effective Annual Yield

d.The Annual Percentage Rate

e.None of the above.