A U.S Treasury bond will pay a lump sum of $1,000 exactly 3 years from today. The nominal interest rate is 6% semiannual compounding, Which of the following statement is CORRECT? The periodic interest rate is greater than 3% The periodic rate is less than 3% The present value would be smaller if the lump sum were discounted back for more periods. The present value of the $1,000 would be larger if interest were compounded monthly rather than semiannually. The PV of the $1,000 lump sum has a higher present value than the PV of a 3-year, $333.33 ordinary annuity. Suppose you bought a house of $1,000,000 in January 1^st, 2013 with 20% down payment. The fixed yearly mortgage rate is 4%. The loan periods are 30 years. What is your monthly payment(monthly compound)? $5, 100 $4, 300 $3, 800 $7, 500 Which of the following bank accounts has the lowest effective annual returns? An account that pays 8% nominal interest with monthly compounding. An account that pays 8% nominal interest with annual compounding. An account that pays 7% nominal interest with daily (365-day)compounding. An account that pays 7% nominal interest with monthly compounding An account that pays 8% nominal interest with daily (365-days)compounding