Explain why the effective interest rate (r EAR ) on a loan often is much higher than

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Explain why the effective interest rate (r_EAR) on a loan often is much higher than the simple, or stated, interest rate (APR).

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Essentials of Managerial Finance

ISBN: 978-0324422702

14th edition

Authors: Scott Besley, Eugene F. Brigham

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Question Posted: Apr 24, 2018 06:52 AM

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Explain why the effective interest rate (r EAR ) on a loan often is much higher than

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Essentials of Managerial Finance

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