Question
Assume daily compounding: if the daily rate is .01% then the APR would be ______, and the EAR (or EFF%) would be _________. A. 7.30%;
Assume daily compounding: if the daily rate is .01% then the APR would be ______, and the EAR (or EFF%) would be _________.
A. 7.30%; 7.57%
B. 7.57%; 7.30%
C. 3.65%; 3.72
D. 7.30%; 3.52%
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino
6th Canadian edition
1259453146, 978-1259453144
