32. If interest or compounding is done on other than an anmual basis, adjust by a dividing the number of years by the mumber of compounding periods b. multiplying the mumber of years by the number of compounding periods c. dividing the interest rate by the number of compounding period d multiplying the years and dividing the interest rate by the sumber of compounding periods 33. To investors (savings accounts, certificate of deposit, stocks), the most desirable compounding period is a. Annually c. monthly d. daily 34. To borrowers (student loans, car purchases, bome mortgages), the most desirable compounding period is: a. Annually c. monthly d daily 35. A bome mortgage loan and the related financial calculations are an example of a a present value of a dolar problem b. a future value of a dollar peoblem c a present value of an anquity problem d. a future value of an aneuity problem 36. Payments if it is made at end of each period such as an end of year is classified as a ordinary annuity b. deferred anpaity c aneuity due d Both A and B 37. Which of the following statements is false? a An annuity is a stream of equal payments b. An annuity due has the payments made at the beginning of each period c An oedinary anmaity bas the payments made at the end of each period d Annuity tables provide annuity interest rate factors for ordinary annuity streams 38. The present value of an annuity increases as a the number of discount periods decreases the discount rate decreases c the payment amount per period decreases d the annual interest rate decreases Page 7 of9