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Match each of the definitions in #1-3 with one of the following rates: Effective Annual Rate (EAR) Annual Percentage Rate (APR) Stated Interest Rate 1.

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Match each of the definitions in #1-3 with one of the following rates: Effective Annual Rate (EAR) Annual Percentage Rate (APR) Stated Interest Rate 1. The most important interest rate to use when comparing loans: 2. The interest rate that is quoted by a lender: 3. The interest rate charged per period multiplied by the number of periods per year: Match each of the definitions in #4-6 with one of the following loans: Amortized Loan Pure Discount Loan Balloon Loan 4. A loan where the regular payments are insufficient to retire the entire loan amount, which then must be repaid with one lump sum: 5. A loan where the borrower receives funds up front and repays it with a single lump sum in the future: 6. A loan where payments are equal in amount and include both interest and principal

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