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DO ALL PARTS FOR THUMBS UP. 4 What is the effective annual rate (EAR) of a 11.1 percent annual stated rate that is compounded semiannually?
DO ALL PARTS FOR THUMBS UP. 4
What is the effective annual rate (EAR) of a 11.1 percent annual stated rate that is compounded semiannually? ENTER YOUR ANSWER AS A PERCENTAGE WITH TWO DECIMAL PLACES. DO NOT INCLUDE A PERCENTAGE SIGN (%). EXAMPLE (8.25). You deposit $2,988 per year for 14 years, beginning in one year, into an account that pays 10% percent annual interest. How much will you have in your account in 14 years? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR Step by Step Solution
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