The nominal interest rate is also referred to as the APR. True False Question 17 1 pts When choosing an alternative, a company should pick the alternative with the lowest NPV. True False Question 18 1 pts The effective tax rate is the average tax rate paid on the taxable income. True False An instrument with a variable interest rate is commonly tied to an index such as the prime rate. True False Question 11 1pts During the life of a long-term loan, the principal gets paid down first leaving payments with more interest at the end. True False Question 12 1 pts The Tax Cut and Jobs Act changed the corporate income tax rate to a flat 15%. True