Calculate the following Future Values and note the relationships between Future Value and interest rates and the length of time of the investment.

1. Case 1: Years invested remains at 5 years; the interest rate changes. (2 points)

a)FV of $100 invested at 3% for 5 years:

b)FV of $100 invested at 5% for 5 years:

c)FV of $100 invested at 7% for 5 years:

d)As interest rate increases, the FV ________________.