What do the terms EAR and APR mean? What are the main differences between the two? Under
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What do the terms EAR and APR mean? What are the main differences between the two? Under what circumstances could they be similar or vary greatly for the same investment? The text presents several different categories of loans, including pure discount loans, interest-only loans, amortized loans, and balloon loans. What does each of those categories mean and provide a real-life example of when each could be an appropriate method of financing.
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