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Explain the following questions: Why is the effective annual interest rate (E A R) the appropriate way to annualize interest rates please explain how
Explain the following questions: Why is the effective annual interest rate (E A R) the appropriate way to annualize interest rates please explain how it differs from APR and what the EAR represents. Using classroom examples and discussion is a plus! You can leverage calculations or other methods to supplement your answer as well.
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