Which of the following is a TRUE statement concerning Time Value of Money Concepts? Select one: a. The greater the frequency with which compounding or discounting occurs, the greater is the effect on the growth of a future value or the decline of a present value. b. If a deposit is made at the beginning of a compounding period, the account balance will be less than if the deposit were made at the end of the compounding period. c. In compound interest, it is the rate of growth that accelerates, rather than the amount of growth. d. Future value increases as the interest rate or number of periods decreases.