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Find quote the apr or the ear of interest

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Reference no: EM132648757

Interest rates are a prominent topic nowadays. We should all be familiar with the impact that interest rate fluctuations can have on the economy, in finance, and our daily lives. However, when we are quoted a rate, is the quote the APR or the EAR of interest? Which rate do you believe is more relevant for financial decisions and why? Explain with an example.

Reference no: EM132648757

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