Question: (6) The discount function (a(t) is generally a decreasing function of time. (7) The amount of simple discount is directly proportional to the size of

(6) The discount function (a(t) is generally a
(6) The discount function (a(t) is generally a decreasing function of time. (7) The amount of simple discount is directly proportional to the size of the principal, the discount rate and the term of investment. (8) An annual compound interest rate of 12% implies an interest rate of 1% per month. (9) :() > i for any positive integer m > 1. 10) The force of interest or discount is a measure of interest at a particular moment of time

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