The future value of a lump sum at the end of five vears is 5500 . The nominal interest mate is 10 porcent and interest is compounded seimianmally Which of the following statements is most correct? The prestint value of the 5500 is greale if interest is compounded monthily rather than semianrually. The effective annuat rate is sreater than 10 percent. The periodic interest rate will increase if one swisches buen sanzana wal to rnombly compotingint: than the abyolite value of the funure kalue