Question: Answer the following questions (a) What is an NIR? (b) What is an EAR? (c) What is the difference between NIR and EAR? (d) If

Answer the following questions

(a) What is an NIR?

(b) What is an EAR?

(c) What is the difference between NIR and EAR?

(d) If an interest rate is given as 10 percent compounded daily what do we call this rate.

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