Question: Question 23 (3 points) The less frequent the compounding, the the present values will be, all else equal. the future values and the a) smaller;

Question 23 (3 points) The less frequent the compounding, the the present values will be, all else equal. the future values and the a) smaller; smaller b) Compounding frequency has no effect on present values or future values. c) greater, greater d) greater, smaller e) smaller; greater Question 24 (3 points) GA GroundWorx just bought a new bulldozer for use in their road building projects. The terms of the loan require a payment of $16,803.93 to be made quarterly for five years. The loan rate is 12% (APR), compounded quarterly. How much did GA GroundWorx pay for their new bulldozer? a) $250,000 b) $60,574 c) $336,079

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