Examlex
What are the two primary parts of a simulation?
Effective Annual Rates
The interest rate on an investment or loan that is adjusted for compounding over a specified period.
Annual Percentage Rates
The yearly percentage charged for taking out a loan or gained from an investment, including all fees or extra expenses.
Quoted Rates
The publicly listed interest rates or prices for financial instruments or bank deposits.
Effective Annual Rate
The interest rate on an investment or loan, annualized for compounding over a given period more than once a year.
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