Question 22 What's the future value of $4.400 after 5 years if the appropriate interest rate is 6%, compounded semiannually? a. $5,381.04 b. $5.794.97 c. $5,913.23 d. $4,612.32 e. $7.214.14 Question 23 What's the future value of $1,300 after 5 years if the appropriate interest rate is 6%, compounded monthly a. $1,753.51 b. $1,928.86 c. $1,841.18 d. $1,385.27 e. $1,683.36 Question 24 Some of the cash flows shown on a time line can be in the form of annuity payments but none can be uneven amounts. True False Question 25 If a bank compounds savings accounts quarterly, the effective annual rate will exceed the nominal rate. True False