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Which of the following statements is correct? Influence of time on the future value of an annuity decreases as the interest rate increases. Influence of

Which of the following statements is correct?

Influence of time on the future value of an annuity decreases as the interest rate increases.

Influence of time on the present value of an annuity decreases as the interest rate increases.

Simple interest means that each time interest is paid, it is added to or compounded into the principal and thereafter also earns interest.

Compound interest means that only the original principal, or amount of money, earns interest over the life of the transaction.

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