Which of the following statements regarding the timeline is FALSE?

A.The APR is typically greater than the EAR.

B.Annual Percentage Rate (APR) indicates the amount of simple interest earned in one year.

C.The APR with k compounding periods is a way of quoting the actual interest earned each compounding period.

D.The Effective Annual Rate (EAR) indicates the actual amount of interest that will be earned at the end of one year.

E.The APR itself cannot be used as a discount rate.