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Calculate effective annual interest rate (EAR) for the following investments. A bank CD that pays 8.22 percent compounded quarterly? A bank CD that pays 8.22

Calculate effective annual interest rate (EAR) for the following investments.

A bank CD that pays8.22 percent compounded quarterly?

A bank CD that pays 8.22 percent compounded monthly?

A bank CD that pays 8.22 percent compounded semiannually?

A bank CD that pays 7.97 percent compounded daily (on a 365-day per year basis)?

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