Question $1$

Which of the following is NOT a true statement?

$($a$)$ Present values and discount rates move in the opposite directions from one another.

$($b$)$ On monthly compounded loans, the EAR will exceed the APR.

$($c$)$ Future values increase with increases in interest rates.

$($d$)$ All else equal, the longer the term of a loan the lower will be the total interest

you pay on it$.$