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Business, 22.04.2020 02:44 Jinesha

Which of the following statements is TRUE? • The annual percentage rate (APR) indicates the amount of interest including the effect of compounding. • When interest rate is quoted as an annual percentage rate (APR), it is sometimes necessary to adjust this interest rate to a time period that matches that of our cash flows. • The effective annual rate (EAR) is always less than the annual percentage rate (APR).

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Which of the following statements is TRUE? • The annual percentage rate (APR) indicates the amount o...
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