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A bank account pays an annual interest rate (APR) of 10% with monthly compounding. What is the accounts effective annual rate (EAR)? Enter your answer
A bank account pays an annual interest rate (APR) of 10% with monthly compounding. What is the accounts effective annual rate (EAR)? Enter your answer as a decimal and show 4 decimal places. For example, if your answer is 6.5%, enter .0650
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Local Public Finance
Authors: René Geissler, Gerhard Hammerschmid, Christian Raffer
1st Edition
3030674681, 978-3030674687
