Question 16 1 pts The formulas for Present Value and Future Value are best represented by: PV = FV/(1+i)and FV = PV/(1 + ijt None of the choices are correct because the variable "Rate" not represented. PV = FV/(1 + i) and FV-PV (1 + i)* OPV - FV. (1 + i)' and FV = PV*(1 + ijt PV = FV (1 + i) and FV = PV (1 + i) Question 17 1 pts Suppose you are a Private Banker with a client comparing two investment opportunities for an inheritance of $5,000 to be deposited and not withdrawn for at least 5 years. Choice A offers 5% simple interest and Choice B offers 5% interest compounded annually. You advice that after 5 years, A pays total interest of and B pays total interest of 1,381.41; 1.250.00 6,250.41; 6,381.41 1,159.00: 389.77 None of the answer choices are correct 1,250.00; 1,381.41