Mike and Moe are twins. Mike invests $15,000 at 7 percent at age 25. Moe invests $15,000 at 7 percent age 30. Both investments compound interest annually. Both twins retire at age 60 and neither adds nor withdraw funds prior to retirement. Which statement is correct? Mike will have less money when he retires than Moe Mike will have more money than Moe at any age If both Mike and Moe wait to age 67 to retire they will have equal amounts of savings. O Moe will earn more interest on interest than Mike O Moe will earn more compound interest than Mike Given the same, positive interest rate, $10,000 received in 20 years is less valuable than $10,000 received in 30 years. O True False Which one of these will increase the present value of a lump sum (single cash flow) to be received sometime in the future? Increase in the discount rate none of the answer choices Decrease in the interest rate Increase in the time until the lump sum amount is received Decrease in the future value