True/False need 11-20

O O O 11. The Truth in Lending Act requires banks to report the APR as opposed to the EAR. 12. The monthly deposit needed to accumulate $10,000 at 12% after 5 the average yield on T- bonds. 14. Inflation is not a component of the nominal yield on T-bills. o O O O O 15. The monthly payment on a 6-year loan of $15,000 at 12% > $300. 0 o 16. If payments on a 16-year loan are quarterly, n must equal 4. 17. If the nominal rate is 8% and the inflation rate is 2%, the real rate > 8%. o 18. Defaults on credit cards are more common than defaults on home loans. O O 19. When drawing a yield curve, interest rates are arrayed along the vertical axis. O O 20. During the last half of the 20th century, the average risk-free rate was closer to 2% than to 7%