Which statement is FALSE? 1. Investment period and present value have inverse relationship, when everything else is fixed. 2. All else equal, as the interest rate decreases, present value (PV) will decrease. 3. As the length of the compounding period increases, small differences in discount rates can lead to large differences in future value 4. If you invest for a single period at an interest rate of r, your money will grow to (1+r) per dollar invested.