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Comparing Rates: The Effect of Compounding- 1- In general, what is the relationship between a stated interest rate and an effective interest rate? Which is

Comparing Rates: The Effect of Compounding-

1- In general, what is the relationship between a stated interest rate and an effective interest rate? Which is more relevant for financial decisions?

2- What does continuous compounding mean?

Loan Types and Loan Amortization

3-What is a pure discount loan? An interest-only loan?

4-What does it mean to amortize a loan?

5-What is a balloon payment? How do you determine its value?

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