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ARR vs MRR for Nearmap

EasyFinance & Accounting00:00
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Your question is ARR vs MRR for Nearmap. Take a moment with it on the right.

Talk me through your thinking if you like. When you're confident, submit your answer and I'll grade it like a real screen (7/10 or better passes).

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Problem

Can you explain the difference between ARR and MRR and why they are critical for our business at Nearmap?