Question
What is the appropriate interest rate to use when making interest rate comparisons if there is more than one compounding period per year? A. The
What is the appropriate interest rate to use when making interest rate comparisons if there is more than one compounding period per year?
| A. | The effective annual interest rate (EAR) | |
| B. | The annual percentage rate (APR) | |
| C. | The quoted interest rate | |
| D. | The simple interest rate |
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Public Finance
Authors: Harvey S Rosen
7th Edition
0072876484, 978-0072876482
