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A firm receives a cash flow from an investment that will increase by 10 percent annually for an infinite number of years. This cash flow

A firm receives a cash flow from an investment that will increase by 10 percent annually for an infinite number of years. This cash flow stream is called an ordinary annuity. (CSLO 3)

True

False

The annual percentage rate (APR) is defined as the simple interest charged per period multiplied by the number of periods per year. (CSLO 3)

True

False

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