Thursday, May 24, 2012

APR (EAR) versus stated versus continuous interest rates

Mortgage Interest Rates Today - APR (EAR) versus stated versus continuous interest rates.
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How is APR (EAR) versus stated versus continuous interest rates

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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Mortgage Interest Rates Today . Three rates we tend to care about: 1. Stated annual rate (aka, nominal, quoted); 2. Effective annual rate (EAR, EAY, effective APR); 3. Continuously compounded rate.
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