Which of the following is False:

The future value of a $1 annuity compounded at 5% annually is greater than the future value of a $1 annuity compounded at 5% semi-annually.

B The future value of $1,000 compounded quarterly for 8 years at 12% may be calculated with the following formula: FV = $1,000 * (1 + 3%)32 .

C Simple interest only earns interest on the principal of the initial investment.

D The future value of $800 deposited today would be greater if that deposit earned 8% rather than 7.75% .

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