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The annual percentage rate indicates the amount of interest, including the effect of any compounding. Question 1 options: True False Question 2 (2 points) When

The annual percentage rate indicates the amount of interest, including the effect of any compounding.

Question 1 options:

	True
	False

Question 2 (2 points)

When you borrow money, the interest rate on the borrowed money is the price you pay to be able to convert your future loan payments into money today.

Question 2 options:

	True
	False

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