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6 Which of the following is a true statement? A Future values increase with decreases in interest rates. B On monthly compounded loans, the EAR

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6 Which of the following is a true statement? A Future values increase with decreases in interest rates. B On monthly compounded loans, the EAR will be more than the APR. C All else the same, the longer the term of a loan the lower will be the total interest you pay on it. D Present values decrease with decreases in the discount rate Points: 1

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