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Which of the following statements is false ? A The present value of a three-year, $150 annuity due will exceed the present value of a
Which of the following statements is false?
A | The present value of a three-year, $150 annuity due will exceed the present value of a three-year, $150 ordinary annuity. |
B | The proportion of the payment that goes toward interest on an amortized loan declines over time. |
C | If an investment pays interest compounded annually, the effective, periodic, and stated rates of interest will all be the same. |
D | If interest rates are positive, the future value of a given sum will always be less than its present value. |
E | A loan repaid in equal periodic amounts is called an amortized loan. |
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