a. Under what conditions does the effective annual rate of interest (EAR) differ from the annual percentage
Question:
a. Under what conditions does the effective annual rate of interest
(EAR) differ from the annual percentage rate (APR)?
b. As the frequency of compounding increases within the annual period, what happens to the relation between the EAR and the APR?
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Related Book For 
Financial Management And Analysis (Frank J. Fabozzi Series)
ISBN: 9780471477617
2nd Edition
Authors: Frank J. Fabozzi, Pamela P. Peterson
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