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CH6 Q21 A Calculate effective annual interest rate (EAR) for the following investments. Problem 6.31 a-f(a) A bank CD that pays 7.48 percent compounded quarterly.

CH6 Q21 A
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Calculate effective annual interest rate (EAR) for the following investments. Problem 6.31 a-f(a) A bank CD that pays 7.48 percent compounded quarterly. (Round answer to 2 decimol places, eg. 15.25\%) Effective annual rate %

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