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A three-year bank CD paying 7.94 percent compounded quarterly. Calculate effective annual interest rate (EAR)? (Round answer to 2 decimal places, eg. 15.25%.) Effective annual

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A three-year bank CD paying 7.94 percent compounded quarterly. Calculate effective annual interest rate (EAR)? (Round answer to 2 decimal places, eg. 15.25%.) Effective annual rate 96 A three-year bank CD paying 7.74 percent compounded monthly Calculate effective annual interest rate (EAR)? (Round answer to 2 decimal places, eg. 15.25%.) Effective annual rate % A three-year bank CD paying 8.24 percent compounded annually. Calculate effective annual interest rate (EAR)? (Round answer to 2 decimal places, eg, 15.25%.) Effective annual rate % Which of the above investments has the highest effective annual interest rate (EAR)? The three-year bank CD paying has the highest effective yield

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