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CH6 Q21 C Calculate effective annual interest rate (EAR) for the following investments. A bank CD that pays 7.68 percent compounded annually. (Round answer to

CH6 Q21 C

Calculate effective annual interest rate (EAR) for the following investments. A bank CD that pays 7.68 percent compounded annually. (Round answer to 2 decimal places, e.g. 15.25%

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