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The APR is an inappropriate discount rate for doing present and future value calculations because it ignores the impact of compounding on cash flows. (CSLO

The APR is an inappropriate discount rate for doing present and future value calculations because it ignores the impact of compounding on cash flows. (CSLO 3)

True

False

The quoted interest rate is by convention a simple annual interest rate, such as the annual percentage rate (APR). (CSLO 3)

True

False

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