Which of the following statements is FALSE about the time value of money? Select all that apply. Holding interest rates constant, time makes no difference on the future value of an investment The higher the interest rate, the higher is the future value of an amount invested today. Holding the annual percentage rate constant, more frequent compounding results in lower future value of an amount invested today. The higher the interest rate, the higher is the present value of a fixed amount to be received in the future