Which one of the following statements concerning the

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26. Which one of the following statements concerning the annual percentage rate is correct?A.The annual percentage rate considers interest on interest.B.The rate of interest you actually pay on a loan is called the annual percentage rate.C.The effective annual rate is lower than the annual percentage rate when an interest rate iscompounded quarterly.D.The annual percentage rate equals the effective annual rate when the rate on an account isdesignated as simple interest.*
27. A pure discount loan is a(n):
28. The principle amount of an interest-only loan is:
29. An amortized loan:
30. If you are investing money, you should prefer an ______ and if you are borrowing moneyyou should prefer an _____.A.Annuity due; ordinary annuityB.Ordinary annuity; annuity dueC.Ordinary annuity; ordinary dueD.You should have no preference as it makes no difference.
31. You are comparing two annuities. Both annuities pay the same amount for the same numberof months. The discount rate is also identical. If the ordinary annuity is worth $26,500, theannuity due is worth:..
32. The difference between an annuity and a perpetuity is the:
33. You are considering two loan offers. All else equal, you should accept the loan:

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