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Which one of the following statement is false? Lee pays one percent per month interest on his credit card account. When his monthly rate is

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Which one of the following statement is false? Lee pays one percent per month interest on his credit card account. When his monthly rate is multiplied by 12, the resulting rate is APR. All else cqual, a increase in the interest rate increases the future value of an annuity. For annuity due, payments are made at the end of each payment period. O None of the above/below

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