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

(b) x Your answer is incorrect. A bank CD that pays 8.18 percent compounded monthly. (Round answer to 2 decimal places, e.g. 15.25%.) Effective annual rate 156.90 % e Textbook and Media Save for Later Submit Answer Attempts: 1 of 3 used Using multiple attempts will impact your score. 50% score reduction after attempt 2 Question Part Score 0/0.25