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The interest rate that you see on credit card statements and bank accounts are given at an annual level. This is called Annual Percentage Rate
The interest rate that you see on credit card statements and bank accounts are given at an annual level. This is called Annual Percentage Rate or APR. Suppose you deposit $17,504 in a bank account for 5 years at 10% APR and quarterly compounding
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Financial Management Of Health Care Organizations
Authors: William N. Zelman, Michael J. McCue, Alan R. Millikan, Noah D. Glick
2nd Edition
063123098X, 9780631230984
