Question
Part 1 If interest is compounded quarterly, the ________ expresses the interest rate as if it were compounded annually. EAR quoted rate APR period rate
Part 1
If interest is compounded quarterly, the ________ expresses the interest rate as if it were compounded annually.
EAR
quoted rate
APR
period rate
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Attempt 1/8 for 10 pts.
Part 2
Given a fixed APR, compounding more frequently leads to
a higher APR
a higher EAR
a lower EAR
a lower APR
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
18th Edition
126409762X, 9781264097623
