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ANSWER EACH PART A three-year bank CD paying 8.02 percent compounded annually. Calculate effective annual interest rate (EAR)? (Round answer to 2 decimal places, eg.

ANSWER EACH PART
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A three-year bank CD paying 8.02 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. Assistance Used Your answer is incorrect. A three-year bank CD paying 7.52 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 7.72 percent compounded quarterly. Calculate effective annual interest rate (EAR)? (Round answer to 2 decimal places, e.g. 15.25\%.) Effective annual rate %

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