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Find the EAR in each of the following cases. (a) 8% annual interest, compounded quarterly (b) 14% annual interest, compounded monthly (c) 7% annual interest,

Find the EAR in each of the following cases.

(a) 8% annual interest, compounded quarterly
(b) 14% annual interest, compounded monthly
(c) 7% annual interest, compounded daily
(d) 13% annual interest, with infinite (continuous) compounding. NOTE: here you use the natural number e, as in the equation (1+EAR)t = ert

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