It is true that the APR is a rate charged per period and can be multiplied by

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It is true that the APR is a rate "charged per period" and can be multiplied by the number of periods per year. However, can this also be expressed as a "rate per year"? Are there any other components of the EAR that makes it different from the APR?

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Business Statistics In Practice

ISBN: 9780073401836

6th Edition

Authors: Bruce Bowerman, Richard O'Connell

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Question Posted: Sep 19, 2013 02:52 AM

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It is true that the APR is a rate charged per period and can be multiplied by

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It can also be expressed as rate per year ...View the full answer

Business Statistics In Practice

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