Effective annual rate ear or eff nominal quoted interest
Define the following
1. Effective annual rate (EAR or EFF%); nominal (quoted) interest rate; APR; periodic rate.
2. Amortization schedule; principal versus interest component of a payment; amortized loan What is an opportunity cost rate.
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define the following1 effective annual rate ear or eff nominal quoted interest rate apr periodic rate2 amortization
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