Which of the following is not true? O Compound interests have higher values than simple interests if the interest rate compounds more than once a year. Holding all others equal, the present value of annuities or perpetuities are lower if the discount rate gets higher, as it would indicate that the present value of the future cash inflows will decrease. O The formula for present value can be easily derived from the formula for future value. O None of the above (all of the above are correct statements)