You deposit $1,000 today in a savings account that pays 3.5% interest, compounded annually. How much will your account be worth at the end of 25 years? a. $2,245.08 b. $2,363.24 c. $2,481.41 d. $2,605.48 e. $2,735.75 Question 5 Which one of the following statements is not true about ordinary annuity? a. a series of fixed payment b. the interval between payment is fixed c. the payment is made at the beginning of the period d. the payment is maid at the end of the period. e. All of the above answers are correct. Question 6 The following statements are true about future value EXCEPT a. The longer the time period, the higher the future value is. b. the higher the compound rate, the higher the future value is. c. the higher the amount of present value, the higher the future value