O Project probably has a higher IRR. O Project C probably has a faster payback. O Project D probably has a higher IRR. O Project D is probably larger in scale than Project C. D Question 31 3 pts Your bank account pays an 8% nominal rate pf interest. The interest is compounded quarterly. Which of the following statements is CORRECT? The periodic rate of interest is 4% and the effective rate of interest is less than 8%. The periodic rate of interest is 2% and the effective rate of interest is 4%. The periodic rate of interest is 2% and the effective rate of interest is greater than 8%. The periodic rate of interest is 8% and the effective rate of interest is greater than 8%. 3 pts Question 32 Which of the following statements regarding a 15-year (180-month) $125,000, fixed- rate mortgage is CORRECT? (Ignore taxes and transactions costs.)