Which of the following is true?

A. If interest is 11% compounded annually, $1,100, due one year from today is equivalent to $1,000 today

B. If interest is 4% compounded annually, $10,400, due one year from today is equivalent to $10,000 today

C. The process of accumulating interest on interest is referred to as discounting

D. The higher the discount rate, the higher the present value