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As applied to mortgage loans, which of the following statements is FALSE? Question 32 options: a) Advertised rates are annual percentage rates. b) A spreadsheet

As applied to mortgage loans, which of the following statements is FALSE?

Question 32 options:

Advertised rates are annual percentage rates.

A spreadsheet uses the periodic interest rate, not the annual percentage rate.

By increasing the number of payments per year you increase your effective borrowing rate.

A mortgage problem is unlike a future value problem with an annuity.

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