Irene's uncle has given her $6,000 today. She is required to open a savings account today and deposit the money in it. She will not be able to withdraw any money from this account before her graduation from college. Irene plans on withdrawing all the money from the account on her graduation. She expects that she will graduate in three years. If we assume that the interest rate remains the same on her deposit, what will happen to the future value of this gift if she delays her graduation by 2 years (that is, she graduates five years from today)? Multiple Choice increases cannot be determined from the information provided remains constant Which of the following statements related to payback and discounted payback is/are correct? I. Payback is a better method of analysis than is discounted payback. II. Discounted payback is used more frequently in business than is payback IIII. Payback is used more frequently even though discounted payback is a better method. IV. Both discounted payback and payback require a cutoff point to determine project for acceptance. V. Discounted payback is biased towards long-term projects while payback is biased towards short-term projects. For a par bond, you will find I.market price call price II. market price