Question 11 Not yet answered Marked out of 1.00 Which of the following statements is true? Select one: a. On loans with monthly compounding, the APR will exceed the EAR. b. Present values and discount rates move in the same direction with one another. c. Compounding essentially means earning interest on interest. d. else the same, the longer the term of a loan the lower will be the total interest you pay on it. e. Future values decrease with increases in interest rates