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| Name | Annual Percentage Rate and Effective Annual Rate. Essentials of Investments. CFA Exam |
| Video Uploader | Video From Farhat Lectures. The # 1 CPA & Accounting Courses |
| Upload Date | This Video Uploaded At 28-07-2020 09:15:23 |
| Video Discription | In this video, I discuss annual percentage rate and effective annual rate. The annual percentage rate (APR) of a loan is the total amount of interest you pay each year represented as a percentage of the loan balance. The effective annual interest rate is the real return on a savings account or any interest-paying investment when the effects of compounding over time are taken into account. ✔️Accounting students and CPA Exam candidates, check my website for additional resources: https://farhatlectures.com/ 📧Connect with me on social media: https://linktr.ee/farhatlectures #CFAEXAM #APRvsEPA #effectiveannualrate Prerequisite: https://www.youtube.com/playlist?list=PLxP0KZzCGFYOaFyn-KzydZVqaQM0jztOG What Is an Effective Annual Interest Rate? The effective annual interest rate is the real return on a savings account or any interest-paying investment when the effects of compounding over time are taken into account. It also reveals the real percentage rate owed in interest on a loan, a credit card, or any other debt. It is also called the effective interest rate, the effective rate or the annual equivalent rate. |
| Category | Education |
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