Question 13 4 pts The basic future and present value equations contain four variables. Which one of the following is not included? O future value (FV) number of periods (n) inflation rate (1) interest rate (r) Question 14 4 pts If the quarterly rate of interest is 2.5% and interest is compounded quarterly, then the APR is: 10.38% none of the above 2.50% 10.00% Question 15 4 pts When the amount earned on a deposit has become part of the principal at the end of a specified time period the concept is called discount interest. O primary interest O future value O compound interest Question 16 4 pts Which of the following is not an advantage of owning debt securities? highest return of corporate securities high claim on cash flows of a firm none of the above high claim on assets of in liquidation