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Home Q & A Board Other Fields Homework Help Business Management
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stranahan stranahan
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7 years ago
As applied to mortgage loans, which of the following statements is FALSE?
A) It is essential to know the compounding periods per year in order to use the TVM equations or determine the actual cost to rent money.
B) A spreadsheet uses the periodic interest rate, not the annual percentage rate.
C) Advertised rates are EARs.
D) A mortgage problem is very similar to a future value problem with an annuity.
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
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BleedingDrBleedingDr
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7 years ago
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stranahan Author
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#2
7 years ago
Thanks Smiling Face with Open Mouth and Tightly-closed Eyes
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#3
4 years ago
thank you
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