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stranahan stranahan
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7 years ago
Which of the following statements is FALSE?
A) Although an APR is quoted on an annual basis, interest can be paid quarterly.
B) The period in which interest is applied or the frequency of times interest is added to an account each year is called the compounding period or compounding periods per year.
C) Although an APR is quoted on an annual basis, interest can be paid monthly but never daily.
D) The APR can be referred to as a promised annual percentage rate.
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
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SpoiledBeefSpoiledBeef
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7 years ago
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stranahan Author
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#2
7 years ago
Thank you for  the help. I had a few questions on a few of them and this really confirmed my answers.
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