Is called the E.I.R

1.	Is called the E.I.R
Answer» ANSWER: *Effective INTEREST rate* Effective interest rateThe effective interest rate (EIR), effective annual interest rate, annual equivalent rate (AER) or simply effective rate is the interest rate on a loan or FINANCIAL product restated from the nominal interest rate and expressed as the equivalent interest rate if compound interest was PAYABLE annually in arrears *hope it helps you... mark as Brainliest foll*ow me~

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Effective INTEREST rate

Effective interest rateThe effective interest rate (EIR), effective annual interest rate, annual equivalent rate (AER) or simply effective rate is the interest rate on a loan or FINANCIAL product restated from the nominal interest rate and expressed as the equivalent interest rate if compound interest was PAYABLE annually in arrears

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Is called the E.I.R​

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Is called the E.I.R