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Peter Yesawich identified some changes in lifestyle for Canadians.Looking at the following four statements, which reflects his "too much to do, too little time" theory best?
Rate Of Return
The gain or loss on an investment over a specified time period, expressed as a percentage of the investment’s initial cost.
Effective Annual Rate
The annual interest rate that takes into account the effects of compounding over multiple periods.
Effective Rate
Reflects the total interest payable on a loan or investment, taking into account compounding interest, over a specific period.
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