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4. What is the EAR if the APR is 8 percent compounded monthly? Enter answer as 4 decimals (e.g. 0.1234) 5. What is the EAR

4. What is the EAR if the APR is 8 percent compounded monthly? Enter answer as 4 decimals (e.g. 0.1234)

5. What is the EAR if the APR is 5 percent compounded daily? Enter answer as 4 decimals (e.g. 0.1234)

6. What is the future value of $11,980 in 27 years assuming an interest rate of 6 percent compounded monthly?

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Answer 4 00812 5 The EAR is 51268 percent 6 4863216 Explanation 4 The EAR is the effective annual rate It is the true interest rate that reflects the ... blur-text-image

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