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If you are compounding monthly, the APR is divided by 12, and compounding will happen 12 times in each year. If you are compounding monthly,

If you are compounding monthly, the APR is divided by 12, and compounding will happen 12 times in each year. If you are compounding monthly, the APR is divided by 12, and compounding will happen 12 times in each year. True False

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