Which of the following statements are TRUE?

I. The more frequently interest is compounded, the greater the future value.

II. The time value of money means that money received today is worth more than the same money received in the future.

III. Computing the future value of an amount of money for a specified time period requires knowledge of the interest rate only.

IV. Compound interest is interest paid on both principal and accumulated interest and results in a greater future value than does simple interest.

Select one:

A. I, II and IV only

B. All the above

C. II, III and IV only

D. I, II and III only