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Which of the following are true regarding the Allocated Interest Base? Compound Interest is applied to each Payment Date Simple Interest is applied to each

Which of the following are true regarding the Allocated Interest Base?

Compound Interest is applied to each Payment Date

Simple Interest is applied to each Payment Date

Applicable interest rates are prescribed by the Secretary of the Treasury

Both compound interest is applied to each payment data and applicable interest rates are prescribed by the Secretary of the Treasury

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