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The bank pays 4% annual percentage rate (APR) on deposits. How much is interest earned on interest for very $10000 you save if the interest
- The bank pays 4% annual percentage rate (APR) on deposits. How much is interest earned on interest for very $10000 you save if the interest is compounded quarterly.How do you explain the difference between APR and effective annual interest rate (EAR) compounded quarterly?
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
2nd Edition
0471111864, 978-0471111863
