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FIN - What is an annuity and how would this differ from a "standard"

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Question;1. Referring to the EAR, a key component to take into consideration is "compound interest" and this creates a major distinction between the APR and EAR. When it comes to the APR vs. EAR, does this mean that a consumer is being charged two different rates?2. What is an annuity and how would this differ from a "standard" (so to speak) time value of money scenario? Please provide examples of annuity situations?

 

Paper#48897 | Written in 18-Jul-2015

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