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16 - Which of the following expressions is NOT TRUE about the Annual Effective Rate? a) It depends on the number of compounding periods within

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16 - Which of the following expressions is NOT TRUE about the Annual Effective Rate? a) It depends on the number of compounding periods within a year b) To compute the annual effective rate the annual nominal rate is divided by the number of compounding periods C) It is inversely proportional to the number of compounding periods d) As the interest period gets shorter, the number of compounding periods increase Leave blank

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