Quick Quiz – Part V What is the definition of an APR
{"Image DocumentName": "Quick Quiz \u2013 Part V What is the definition of an APR?", "Image ImageDescription": "What is the effective annual rate? Which rate should you use to compare alternative investments or loans? Which rate do you need to use in the time value of money calculations? APR = period rate   # of compounding periods per year. EAR is the rate we earn (or pay) after we account for compounding. We should use the EAR to compare alternatives. We need the period rate, and we have to use the APR to get it. 6F-58.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}