You deposited $1,000 in a bank that gives 24% annually. If the bank compounds the interest rate monthly, the future value of the amount deposited will be in the 4th year would be $2,612.23 $2,364.21 $989.60 $2,587.07 Interest rate and present value are a and b Not related Inversely related Positively related 1.25 pts D Question 3 A fixed equal periodic amount of money that is received or paid for a given number of years is called Future value Perpetuity Present Value Annuity Question 4 1.25 pts A fixed equal periodic amount of money that is received forever is called d) Future value Perpetuity Annuity O Present value 1.25 pts