Question 38 1 pts Which of the following statements is correct? Your money is worth less today than at some point in the future because, if you had the money now, you could not invest it and earn interest. All the answers are correct. Compound growth occurs when the initial value of a number increases or decreases each period by the factor 1/(1 + growth rate). The future value factor for 10 years at 15% with annual compounding is calculated as (1 + 0.15)^10. Any number of changes that are observed over time in the physical and social sciences unfortunately do not follow a compound growth rate pattern and the future value formula cannot be used in calculating these growth rates