True or False? 1. The time value of money refers to the fact that a dollar received today is worth less than a dollar promised at some time in the future. [Select] 2. Simple interest is computed on principal and on any interest earned that has not been withdrawn. [Select] 3. The present value of an annuity due table is used when payments are made at the end of each period. [Select] 4. The future value of a single sum is determined by multiplying the future value factor by its present value. [Select]