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A bank offers me an interst rate where interest compound daily. After a year, my balance will be 5.5% larger. This 5.5% is best described
A bank offers me an interst rate where interest compound daily. After a year, my balance will be 5.5% larger. This 5.5% is best described as the: O O O O Annual Percentage Rate (APR) Periodic Interest Rate Effective Annual Rate (EAR) Simple Interest Rate None of the Above
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The Handbook Of Fixed Income Securities
Authors: Frank Fabozzi, Steven Mann
8th Edition
0071768467, 978-0071768467
