FIN-504 Topic 3 DQ 1 | eBooks | Education

FIN-504 Topic 3 DQ 1

FIN-504 Topic 3 DQ 1 PLDZ-2956
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Max Points: 5.0

 

What effect does compounding interest more frequently than annually have on (a) the future value, and (b) the effective annual rate (EAR)? Explain. How would you explain the difference between the annual percentage rate (APR) and effective annual rate (EAR) to a friend with no background in finance?

 

Max Points: 5.0 What effect does compounding interest more frequently than annually have on (a) the future value, and (b) the effective annual rate (EAR)? Explain. How would you explain the difference between the annual percentage rate (APR) and
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