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A bank offers 8.00% on savings accounts. What is the effective annual rate if interest is compounded daily? A bank offers 10.00% on savings accounts.

A bank offers 8.00% on savings accounts. What is the effective annual rate if interest is compounded daily?

A bank offers 10.00% on savings accounts. What is the effective annual rate if interest is compounded continuously?

Assume a bank offers an effective annual rate of 5.17%. If compounding is quarterly what is the APR?

Assume a bank offers an effective annual rate of 7.97%. If compounding is monthly what is the APR?

Derek borrows $262,393.00 to buy a house. He has a 30-year mortgage with a rate of 5.90%. The monthly mortgage payment is $________.

Suppose you deposit $1,155.00 into an account 5.00 years from today. Exactly 16.00 years from today the account is worth $1,418.00. What was the account's interest rate?

MUST ANSWER ALL or do not attempt. Round percentages to 4 decimal points

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