3. What will you have to do (what number will you use) to convert the yield in Q2 (above) to a simple annual yield? (2) Ans: 4. What is the difference between APR (annual periodic rate) and EAR (effective annual rate)? You may want to Google search to understand and answer. (2) Ans: 3. What will you have to do (what number will you use) to convert the yield in Q2 (above) to a simple annual yield? (2) Ans: 4. What is the difference between APR (annual periodic rate) and EAR (effective annual rate)? You may want to Google search to understand and answer. (2) Ans