What is the EAR effective annual rate of interest ?
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The EAR is the rate of interest earned in a year, taking compound interest into account. It is also referred to as the effective interest rate, the effective rate, or the annual equivalent rate (AER).
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The EAR is the rate of interest earned in a year, taking compound interest into account. It is also referred to as the effective interest rate, the effective rate, or the annual equivalent rate (AER).
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