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Which of the following statements is FALSE? The more frequent the compounding, the higher the EAR. Regardless of the compounding periods per year, the EAR

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Which of the following statements is FALSE? The more frequent the compounding, the higher the EAR. Regardless of the compounding periods per year, the EAR will be greater than the APR. The EAR is calculated using the APR and the number of compounding periods per year. If cash flows occur on a monthly basis, the EAR using the monthly periodic rate will not be used in time value of money calculations

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