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Which of the following is NOT true? Question 9 options: If the present value of a given sum is equal to its future value, then

Which of the following is NOT true? Question 9 options: If the present value of a given sum is equal to its future value, then the discount rate must be zero. When a loan is amortized over a six-year term, the amount of interest paid is increased each year. The nominal annual rate of interest will always be equal to or smaller than the effective annual rate of interest. An annuity due

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