Part 1 (TRUE or FALSE (30 points) Please answer the questions below with TRUE of FALSE, and also provide explanations why its TRUE or FALSE 1) Since individuals are always confronted with opportunities to earn positive rates of return on their funds, the timing of cash flows does not have any significant economic consequences. 2) Time value of money is based on the belief that a dollar that will be received at some future date is worth more than a dollar today. 3) For a given positive interest rate, the future value of $100 increases with the passage of time. Thus, the longer the period of time, the greater the future value. 4) Future value is the value of a future amount at the present time, found by applying compound interest over a specified period of time. 5) The greater the interest rate and the longer the period of time, the higher the present value. 6) Everything else being equal, the higher the interest rate, the higher the future value. 7) Future value increases with increases in the interest rate or the period of time funds are left on deposit. 8) Everything else being equal, the higher the discount rate, the higher the present value. 9) Everything else being equal, the longer the period of time, the lower the present value. 10) Time Value of Money is not important for our daily lives