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1,2 P5-2 (similar to) Question Help Periodic interest rates. You have a savings account in which you leave the funds for one year without adding

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P5-2 (similar to) Question Help Periodic interest rates. You have a savings account in which you leave the funds for one year without adding to or withdrawing from the account. Which would you rather have: a daily compounded rate of 0.040%, a weekly compounded rate of 0.285%, a monthly compounded rate of 1.45%, a quarterly compounded rater of 3.50%, a semiannually compounded rate of 8.5%, or an annually compounded rate of 179? What is the effective annual rate (EAR) of a daily compounded rate of 0.040% % (Round to two decimal places.) CUESLUIT EAR What is the effective annual rate (EAR) of a mortgage that is advertised at 5.75% (APR) over the next twenty years and paid with weekly payments? What is the effective annual rate (EAR) of the mortgage at 5.75% APR with weekly payments? % (Round to two decimal places.)

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