Which of the following statements is false?
A) For a given APR, more frequent compounding results in additional return on the investment.
B) An amortized loan is repaid in equal payments over a specified time period.
C) The effective annual rate is determined by multiplying the interest rate charged per period by the number of periods in a year.
D) APR can be greater than the effective annual rate
Correct Answer:
Verified
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