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Which of the following statements are false? 1. The payment on an ordinary annuity occurs at the end of each time period. 2. The APR

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Which of the following statements are false? 1. The payment on an ordinary annuity occurs at the end of each time period. 2. The APR on a loan will always be equal to or greater than the EAR. 3. For a discount loan interest is deducted upfront from the loan proceeds. 4. Nominal interest rates are the interest rates we observe in the market

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