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Calculate effective annual interest rate (EAR) for the following investments. 1)A bank CD that pays 7.03 percent compounded quarterly. Calculate effective annual interest rate (EAR)?

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

1)A bank CD that pays 7.03 percent compounded quarterly. Calculate effective annual interest rate (EAR)?

2)A bank CD that pays 7.03 percent compounded monthly. Calculate effective annual interest rate (EAR)?

3)A bank CD that pays 7.23 percent compounded annually. Calculate effective annual interest rate (EAR)?

4)A bank CD that pays 7.03 percent compounded semi-annually. Calculate effective annual interest rate (EAR)?

5)A bank CD that pays 6.78 percent compounded daily (on a 365-day basis). Calculate effective annual interest rate (EAR)?

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