true or false

Time value of money is based on the belief that a dollar that will be received at some future date is worth more than a dollar today.

Future value is the value of a future amount at the present time, found by applying compound interest over a specified period of time.

Future value is the value of a future amount at the present time, found by applying compound interest over a specified period of time.

The greater the interest rate and the longer the period of time, the higher the present value.

An ordinary annuity is an annuity in which cash flows occur at the beginning of each period.