How does the compounding option affect the total number of periods used in time value of money calculations?$$

Select one:

a$.$

The term in years is multiplied by the number of compounding periods per year.

b$.$

The term in years is divided by the number of compounding periods per year.

c$.$

The compounding option never affects the total number of periods used.

d$.$

The compounding option is only an issue if compounding is on an annual basis.