Video 03 - Interest Rates: Effective Annual Rate vs Annual Percentage Rate
Channel: Finance Fundamentals - UBC TLEF Project
Date: 16/10/2021

What is the quoted annual percentage rate (APR)? What is the effective annual rate (EAR)? What about the effective periodic rate? 
How are they all different, and how can they be used to help us evaluate whether the rate is attractive, or even legal?