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If a car dealer is charging me 1.25% monthly rate on my car loan, what is the APR? What is the EAR? If I invest
If a car dealer is charging me 1.25% monthly rate on my car loan, what is the APR? What is the EAR? If I invest $5,000 today in an account paying 5% annual interest, how much will I receive after 5 years? How will your answer change if interest is paid daily
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