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1. convert ear to apr or apr to ear, show your step APR. compounding. EAR 6.55%. monthly 8.5% daily quarterly 9.8% 7.4% weekly daily 15.1%

1. convert ear to apr or apr to ear, show your step

APR. compounding. EAR

6.55%. monthly

8.5% daily

quarterly 9.8%

7.4% weekly

daily 15.1%

2. You are prepared to make monthly payments of $500, beginning at the end of this month, into an account that pays 9% APR compounded monthly, in what month will your account balance first go over $10000? Excel worksheet is pref

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