Which of following statement is false?
A. When comparing investment it is best not to rely solely on quoted rates.
B. Compounding typically leads to differences between quoted and effective rates.
C. The APR on la loan with monthly payments is less than the annual interest you actually pay.
D. The Apr is the interest rate per period multiplied by the number of periods per year.
E. With monthly compounding, the APR will be larger than the effective annual rate.