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Which of the following statements is false? Group of answer choices (b) A pure discount loan does not have any periodic payments before maturity. (c)
Which of the following statements is false?
Group of answer choices
(b) A pure discount loan does not have any periodic payments before maturity.
(c) A partially amortized loan involves a balloon payment at the end of the loan contract.
(a) The most frequent compounding possible is continuous compounding.
(d) The rule of 72 can be used only for cases of doubling money within a reasonable range of interest rate.
(e) None of the alternatives is false.
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