Which of the following statements is true?

Select one:

a. Present values and discount rates move in the same direction with one another.

b. else the same, the longer the term of a loan the lower will be the total interest you pay on it.

c. Compounding essentially means earning interest on interest.

d. On loans with monthly compounding, the APR will exceed the EAR.

e. Future values decrease with increases in interest rates.