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5 . 5 The Effective Annual Interest Rate Simon Huntley is the CFO of Sidewalk Investors. He is negotiating investing contracts with several new entrepreneurs.
The Effective Annual Interest Rate
Simon Huntley is the CFO of Sidewalk Investors. He is negotiating investing contracts with several new entrepreneurs. Which of the following quoted interest rates is written in a way that will provide Simon the easiest way to compare his investing opportunities?
Investor quoted him an interest rate of APR, compounded monthly.
Investor quoted him an interest rate of monthly over the next years.
Investor quoted him a simple quarterly interest rate of
Investor quoted him an interest rate of EAR, compounded daily.
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