WHICH OF THE FOLLOWING STATEMENTS ABOUT TIME VALUE OF MONEY ARE TR...

25. Which of the following statements about time value of money are true? A) Nominal and effective rates are the same for annual compounding only. B) All else being the same: converting an annuity to an annuity due decreases the present value. C) For a given dollar amount, the higher the discount rate, the higher the present value. D) All of the above statements are correct. E) None of the above statements are correct.