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Bank USA offers a stated annual interest rate of 4.65% compounded quarterly. What is the EAR? A) 4.161% B) 4.75% C) 21.868% D) 18.6% E)
Bank USA offers a stated annual interest rate of 4.65% compounded quarterly. What is the EAR?
| A) 4.161% | |
|
| B) 4.75% |
|
| C) 21.868% |
|
| D) 18.6% |
|
| E) 4.732% |
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
9th Edition
032431986X, 9780324319866
