QUESTION 19 For a lump sum, the more frequent the compounding the lower the present value the lower the effective rate the higher the present value the lower the APR QUESTION 20 Which of the following is a good example of an annuity due? O a bond O a mortgage O a car loan O a rental contract QUESTION 21 Your Grandmother placed $100 in an account 10 years ago and you will withdraw the balance today. The amount 10 years ago is called the ______ for time value of money calculations. O past value O present value future value intrinsic value