Robert invested $4,000 five years ago at 4 percent interest. He takes out all his interest earnings and spends them immediately. As a result, he only receives interest on his initial only. $4,000 investment. That is why he is earning o fe Imerese free interest o complex interest o simple interest o interest on interest o compound interest Pick the correct statement related to the present value of a set amount to be received some time in the future from below. Multiple Choice ) The present value and future value factors are equal to each other. C) The present value factor is the exponent of the future value factor. The future value factor is the exponent of the present value factor. The factors are reciprocals of each other. There is no relationship between these two factors. The present value of a set amount to be received some time in the future will be increased by a/an. O increase in the time until the amount is received O increase in the discount rate O decrease in the future value O decrease in the interest rate O decrease in both the future value and the number of time periods Mary has deposited $1,000 into a retirement savings account today. The account will compound interest at 5 percent annually. She is not going to withdraw any principal or interest until she retires in 30 years. Pick the correct statement related to her retirement savings from below. Multiple Choice C ) The interest she earns in Year 6 will equal the interest she earns In Year 10. o The interest amount she earns will double in value every year. o The total amount of interest she will earn will equal $1,000 .05 30. o The present value of this investment is equal to $1,000. o o The future value of this amount is equal to $1,000 (1 + 30).05