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10. Explain the difference between the Annual Percentage Rate (APR) and the Effective Annual Percentage Rate (EAR). What would cause the EAR to be greater
10. Explain the difference between the Annual Percentage Rate (APR) and the Effective Annual Percentage Rate (EAR).
- What would cause the EAR to be greater than the APR?
- When would the APR and EAR be the same?
- Can the APR ever be greater than the EAR?
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 10th Edition
1337902578, 978-1337902571
