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Question $4$

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As a new student in an introductory money management course, Zayd is exploring how saving and investing work over time. He's aiming to build up $$10,000$ within five years to buy a used electric scooter. While reviewing how interest adds up$,$ he becomes curious about how the number of times interest is applied each year$$like quarterly or monthly$$can change how much he earns, how fast his savings grow, and how much he$$ll need to set aside regularly to hit his goal.$$WIth regards to more frequent compounding, which of the following is true?

I.$$The required savings to achieve a future goal will be reduced.

II$.$ The future value will rise.

III. Has no impact on the amount earned over time.

IV$.$ The greater amount of interest.

Question $4$Select one:

a$.$

I $,$ II$,$ and IV

b$.$

I, III, and IV

c$.$

II and IV$,$ only

d$.$

II and III, only