Which of the following statements is most correct? The first payment under a 3-year, annual payment, amortized loan will include a larger percentage (or fraction) of interest than the third payment. The absolute value of the first payment under a 3-year, annual payment, amortized loan will be a larger payment than the third payment. If you are lending money, you should prefer to lend at a 10 percent quoted rate but with semiannual compounding rather than at a a 10 percent nominal rate with quarterly compounding. The present value of a perpetuity (say for $100 per year) will approach infinity as the interest rate used to evaluate the perpetuity approaches infinity