Modern tools, such as MS Excel and financial calculators, follow cash flow principles for the sign of the present value, future value, and

payments.TrueFalse

If I borrow $$1000$ from the bank at i$\%$ APR that is compounded monthly and one payme is required in one year, I will have to payback $$1000*(1+$i$).$TrueFalse

Compound interest accumulates the interest on the principle and on any interest earned.TrueFalse

Future Value $=-$Present Value$*(1+$N$*$i$)$ for interest rate i over N periods using compoundinterest.TrueFalse

$$1$ today is the same as $$1$ tomorrow using simple interest calculations.True False