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True or False? The present value of some future amount is less if the discount rate is compounded less frequently than if it compounds more
- True or False?
- The present value of some future amount is less if the discount rate is compounded less frequently than if it compounds more frequently.
- If the AAGR = 5% over 5 periods, it would mean the amount in question is growing exactly 5% per year every period.
- The EAR is the same as the APR if the compounding period is annual.
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