O The periodic rate of interest is 8% and the effective rate of interest is greater than 8%. Question 32 3 pts Which of the following statements regarding a 15-year (180-month) $125,000, fixed- rate mortgage is CORRECT? (Ignore taxes and transactions costs.) O Because the outstanding balance declines over time, the monthly payments will also decline over time. The outstanding balance declines at a faster rate in the later years of the loan's life. O Interest payments on the mortgage will increase steadily over time, but the total amount of each payment will remain constant. The remaining balance after three years will be $125,000 less one third of the interest paid during the first three years. 3 pts Question 33 Which of the following investments would have the lowest present value? Assume that investments is the same and is greater than zero