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Assume a bank is offering a nominal rate of 2.5% on a five year loan. What is the effective Annual Rate(EAR) if interest payments are

Assume a bank is offering a nominal rate of 2.5% on a five year loan.

What is the effective Annual Rate(EAR) if interest payments are due every 6 months?

What is the effective Annual Rate (EAR) if interest payments are due every quarter?

What is the effective Annual Rate (EAR) if interest payments are due every month?

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