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All are true/false 11) The truth in Lending Act requires banks to report the APR as opposed to the EAR. 12)The monthly deposits needed to
All are true/false
11) The truth in Lending Act requires banks to report the APR as opposed to the EAR.
12)The monthly deposits needed to accumulate $10,000 at 12% after 5 years <$150
13) The average yield on AAA-rated corporate bonds> the average yield on T-bonds.
14) Inflation is not a component of the nominal yield on T-bills.
15) The monthly payment on a 6-year loan of $15,000 at 12% > $300.
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