D Question 7 1 pts You took a car loan from a bank at 6% annual percentage rate (APR) for 5 years. The bank uses monthly compounding of interest. The monthly rate and the loan period in months would be O 0.50%: 60 months O 6%. 5 years 0.50%: 5 years 6%: 60 months vey Question 8 ng 1 pts The present value (PV) of a given amount of money sitting five years in future will be more at 8% discount rate than at 10%. (no computation necessary) True False