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Assume APR = 7%, fill the following table where m is compounding frequency and compute EAR (6 digits after decimal NOT %, e.g., 0.1234567-> 0.123457

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Assume APR = 7\%, fill the following table where m is compounding frequency and compute EAR (6 digits after decimal NOT \%, e.g., 0.1234567-> 0.123457 ) Annual compounding m=1 EAR=APR=0.07 Semi-annual compounding m= EAR= Quarterly compounding m= EAR= Monthly compounding m= EAR= Daily compounding m= EAR= Continuous compounding m= EAR= As the compounding frequency increases, the EAR (increases or decreases)

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