Question 18 (2 points) Which of the following statements is FALSE? As interest rates may be quoted for different time intervals, it is often necessary to adjust the interest rate to a time period that matches that of cash flows The annual percentage rate indicates (APR) the annual amount of interest including the effect of compounding If interest compounds monthly, then the EAR is greater than the APR The effective annual rate (EAR) indicates the amount of total interest that is earned annually