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Finance Which of the following statements is most INCORRECT? A) Nominal annual interest rate cannot be higher than effective annual interest rate. B) Effective annual

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Finance

Which of the following statements is most INCORRECT? A) Nominal annual interest rate cannot be higher than effective annual interest rate. B) Effective annual rate (EAR) is a true measure of the annual interest rate earned. C) The more frequently the interest is paid, the lower the future value is. D) Periodic interest rate always cannot be higher than nominal annual interest rate

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