PART I Ifyou were to put $1,000 every year in the bank at 6% annual interest rate for the xt ten count? ch table would you use to find the ending balance in your A) Present value of $1 B) Future value of $I C) Present value of an annuity of S1 D) Future value of an annuity of $I As the interest rate increase, the present value of an amount to be received at the of a fixed period A) increases C) remains the same D) not enough information to tell Finding the current value of $1000 to be received at the end of every year for 5 rs requires calculating: a. The compound sum of an annuity (CSAM) b. The present value of an annuity (PVAN) c. An annuity due d. none of the above bank deposits pay 2% nominal interest per year. The highest effective interest (Based on the following choices) on this deposit would be had by using compounding. a. Monthly b. Annually c. Daily d. Semiannually Page 2