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Which one of the following is NOT correct? Reducing discounting rate leads to a higher PV, everything else held constant. The PV of an annuity

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Which one of the following is NOT correct? Reducing discounting rate leads to a higher PV, everything else held constant. The PV of an annuity due is greater than the PV of an ordinary annuity, everything else held constant EAR is the actual interest rate being charged or paid. It is greater than APR is the interest rate if the interest rate is compounded monthly quarterly/semi-annually. None of the above

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