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Sometimes it is difficult to distinguish a quoted rate from an ear. Generally however an annualized consumer rate is an Apr rather than an Ear.

Sometimes it is difficult to distinguish a quoted rate from an ear. Generally however an annualized consumer rate is an Apr rather than an Ear.
True or False
William deposited $25,000 today that would eatn an interest at the rate of 3 percent for a period of 2 years. The amount of 25,000 represents the future value?
true or false

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