III. Label each of the following statements true, false, or uncertain. Explain your choice carefully. a. The present discounted value of a stream of returns can be calculated in real or nominal terms. b. The higher the one-year interest rate, the lower the present discounted value of a payment next year. c. Interest rates are normally expected to be constant over time. d. Bonds are a claim to a sequence of constant payments over a number of years. e. The yield curve normally slopes up.

Mai and chuck have been divorced since 2012. they have three boys, ages 6, 8, and 10. all of the boys live with mai and she receives child support from chuck. mai and chuck both work and the boys need child care before and after school. te boys attend the fun house day care center and mai paid them $2,000 and chuck paid them $3,000. mai's agi is $18,000 and chuck's is $29,000. mai will claim two of the boys as dependents. she signed form 8332 which allows chuck to claim one of the boys. who can take the child and dependent care credit?