Which one of the following statements is correct, all else constant?

Points: 1

A) The present value of a sum is not affected by the interest rate.

B) The present value of a sum increases as the period of time increases.

C) The future value of a sum is not affected by the interest rate.

D) The future value of a sum increases as the period of time increases.

E) Because time is the exponent in the present value formula, the length of an investment period has minimal effect on the present value of the investment.