Question
If the number of compounding periods in a year (m) is greater than 1, which will be greater - the APR, the interest rate per
If the number of compounding periods in a year (m) is greater than 1, which will be greater - the APR, the interest rate per compounding period, or the EAR?
Select one:
a.APR
b.Interest rate per compounding period
c.EAR
d.They will all be equal to each other.
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
4th Canadian edition
134724712, 134724713, 9780134779782 , 978-0134724713
