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2.5 point Beautinafor Cosmetics borrowed 5152, 300 from a bank for three years. If the quoted rate (APR) is 12.03 percent, and the compounding is

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2.5 point Beautinafor Cosmetics borrowed 5152, 300 from a bank for three years. If the quoted rate (APR) is 12.03 percent, and the compounding is daily, what is the effective annual rate (EAR)? 25 paints You have just inherited 5476,595. You plan to save this money and continue to live all the money that you are earning in your current job. If you can invest the money in a bond that pays 791 percent interest annually, how long will it be before your inheritance is worth $1,220,3397

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