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Author Question: Which of the following statements is NOT correct? (Read 67 times)

fungirl

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on: Aug 7, 2023
Which of the following statements is NOT correct?

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The present value of a5-year, $100 ordinaryannuity willbe less thanthe present value of a5-year, $100annuitydue.


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If a loan has a nominal annual rate of12%, then the effective rate can never be less than12%.


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If a loan or investment has annual payments, then the effective, periodic, and nominal rates of interest will all be the same.


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An investment that has a nominal rate of8% withquarterlypayments will have an effective rate that is less than8%.

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by fungirl on Aug 7, 2023

SphnxKickin

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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fungirl

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Reply 2 on: Aug 7, 2023
Excellent

FergA

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Reply 3 on: Yesterday
Wow, this really help

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