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FIN 341 Fall 2021 Principles of Finance Ex Question 4, P 5-9 (simila... Part 1 of 2 HW Score: 8.57%, 3 of 35 points
FIN 341 Fall 2021 Principles of Finance Ex Question 4, P 5-9 (simila... Part 1 of 2 HW Score: 8.57%, 3 of 35 points Points: 0 of 2 Your bank account pays interest with an EAR of 4%. What is the APR quote for this account based on semiannual compounding? What is the APR with monthly compounding? (Note: Be careful not to round any intermediate steps less than six decimal places.) ***** What is the APR quote for this account based on semiannual compounding? The APR quote for the account with semiannual compounding is %. (Round to three decimal places.)
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