For a 5-year loan with an Annual Percent Rate (APR) of 10%, this loans Effective Annual Rate (EAR) could be. 9-25% 9.50% 9.75% 10.25% Frequency of compounding not given; cannot be calculated. For an n-period cash flow with n equal periodic payments at a 10% periodic rate, if the Present Value of this annuity due is $100, then the corresponding Present Value of its ordinary annuity must be $90.00 $90.91 $100 00 $110.00 Can't calculate; number of periods n not given. Which of the following statement regarding mortgages is incorrect? For a fixed-rate monthly mortgage, the proportion of interest to its monthly payment changes over time. For an adjustable-rate monthly mortgage, the proportion of interest to its monthly payment changes over time. The mortgage company reduces the risk of default on the mortgage by requiring a down payment from its borrowers. Mortgage rates are typically higher than T-Bill rates. All the above are generally correct statements