Which of the following statements is NOT correct? You can benefit more from compound interest by starting to invest early for retirement The value of a dollar invested at a positive interest rate grows over time but at a slower rate further into the future The time value of money is based on the principle that people have a positive time preference for consumption The future value increases as either the interest rate or the number of periods per year increases, other things held constant The higher the rate of interest, the more likely you will forgo current consumption What is the present value of $4,200 to be received in 5 years if the appropriate interest rate is 4.5%, compounded monthly? $3,602 $3,422 $3,598 $3,251 $3.355