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7. With an APR of 8.65%, what is the effective annual rate (EAR) if compounding occurs: a. Semiannually. b. Quarterly. c. Monthly. d. Weekly. e.

7. With an APR of 8.65%, what is the effective annual rate (EAR) if compounding occurs: a. Semiannually. b. Quarterly. c. Monthly. d. Weekly. e. Continuously. Round your answers to two decimal places (0.04428-4.43%)

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