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Which of the following is false? 1. A lower interest rate would increase the present value of an investment. II. With compound interest method, interest
Which of the following is false? 1. A lower interest rate would increase the present value of an investment. II. With compound interest method, interest is earned every period only on the orginal starting amount. III. "PMT" in the FVA formula tells us the periodic mortage payments for a fixed-rate fully amortized loan. A. 1,11 , and 111 B. III only C. II and III only D. I only
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