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Annual Percentage Rate & Effective Annual Interest Rate Practice Question 1 What is the APR, non-annual effective rates and EAR of the following? a) The

Annual Percentage Rate & Effective Annual Interest Rate

Practice Question 1

What is the APR, non-annual effective rates and EAR of the following?

a) The quarterly compounded interest rate is 6%.

b) The stated interest rate with monthly compounding is 7%.

c) The semi-annually compounded interest rate is 8%

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