Calculator Note Face Value (Principal) Rate Term 4% 6Years 6% 4Years 8% 3Years $19,300 19,300 19,300 Use the appropriate present or future value table: FV of $1, PV of $1, FV of Annuity of $1 and PV of Annuity of $1 Round your calculations to nearest dollar. Simple Interest Note 1 Note 2 Note 3 4,632 4,632 $4,632 Now assume that the interest on the notes is compounded annually,. Calculate the amount of interest due at the end of the term for e the Present Value and Future Value tables be sure to use all the digits shown. If required, round your answers to nearest dollar Interest Note 1 Note 2 Note 3 Finally, assume that the interest on the notes is compounded semiannuality, Calculate the amount of interest due at the end of the term using the Present Value and Future Value tables be sure to use all the digits shown. If required, round your answers to nearest dollar Note 3 4,632 Now assume that the Interest on the notes is compounded annually. Calculate the amount of interest due at the end of the the Present Value and Future Value tables be sure to use all the digits shown. If required, round your answers to nearest do Interest Note 1 Note 2 Note 3 Finally, assume that the interest on the notes is compounded semiannually. Calculate the amount of interest due at the end o using the Present Value and Future Value tables be sure to uge all the digits shown. If required, round your answers to neares Interest Note 1 Note 2 Note 3 All other factors being equal, which of the foilowing is an accurate statement regarding the choice of an investment? a. Higher b. Higher interest rates, mor c. Higher interest rates, more frequent compounding, and a longer term will increase the future value of interest rates, less frequent compounding, and a longer term will increase the future value of an investment. e frequent compounding, and a shorter term will increase the future value of an investment. Lower interest rates, more frequent compounding, and a longer term will increase the future value of an investment