In computing the present and future value of multiple cash flows, none of the answers is correct. earlier cash flows are discounted at a higher rate. each cash flow is discounted or compounded at the same rate. all the cash flows are summed first and discounted later. earlier cash flows are discounted at a lower rate. Which of the following statements is incorrect? The Annual percentage rate (APR) is the interest on interest rate charged per period divided by the number of periods per year. All the answers are correct except one. The most common example of a perpetuity today is preferred stock. The issuer of preferred stock promises to pay fixed-rate dividends forever. The present value of an annuity due is greater than the present value of an ordinary annuity. In computing the present and future value of multiple cash flows, none of the answers is correct. earlier cash flows are discounted at a higher rate. each cash flow is discounted or compounded at the same rate. all the cash flows are summed first and discounted later. earlier cash flows are discounted at a lower rate. Which of the following statements is incorrect? The Annual percentage rate (APR) is the interest on interest rate charged per period divided by the number of periods per year. All the answers are correct except one. The most common example of a perpetuity today is preferred stock. The issuer of preferred stock promises to pay fixed-rate dividends forever. The present value of an annuity due is greater than the present value of an ordinary annuity