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Which of the following statements is FALSE? 1) The APR can be regarded as the promised annual percentage rate 2) an account each year is
Which of the following statements is FALSE? 1) The APR can be regarded as the promised annual percentage rate 2) an account each year is called the compounding period or compounding periods per 3) Although an APR is quoted on an annual basis, interest can be paid semi-annually 4) The period in which interest is applied or the frequency of times interest is added to year APR is defined as the effective rate of return that you should earn when interests are compounded more than once a year
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