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Find the EAR in each of the following cases. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal
Find the EAR in each of the following cases. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Use 365 days in a year.) Stated Rate (APR) Number of Times Compounded 10.00 % Quarterly 16.00 % Monthly 16.00 % Daily 12.00 % Semiannually Effective Rate (EAR) % % % % You make $6,600 annual deposits into a retirement account that pays an APR of 11.1 percent compounded monthly. How large will your account balance be in 31 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Account balance
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