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20.) Suppose an investment pays interest quarterly with the interest rate quoted as an effective annual rate (EAR) of 9%, what amount of interest will

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20.) Suppose an investment pays interest quarterly with the interest rate quoted as an effective annual rate (EAR) of 9%, what amount of interest will you earn each quarter? 21) From question #20 above, if you have no money in the bank today, how much will you need to save at the end of each quarter to accumulate $25,000 in 5 years

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