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Which of the following statements is FALSE Quarterly compounding has a higher annual percentage yield than monthly compounding On monthly compounding loans, the annual percentage

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Which of the following statements is FALSE Quarterly compounding has a higher annual percentage yield than monthly compounding On monthly compounding loans, the annual percentage yield will he less than the nominal or quoted rate of interest. Compounding essentially means earning interest on interest on an initial balance. Perpetuities pay an equal payment forever

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