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Find the EAR in each of the following cases (Use 365 days a year. Do not round intermediate calculations and enter your answers as a
Find the EAR in each of the following cases (Use 365 days a year. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.): Stated Rate (APR) 8.0 % Effective Rate (EAR) % Number of Times Compounded Quarterly Monthly Daily 17.0 13.0 10.0 Infinite The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $27,000 per year forever. If the required return on this investment is 6.3 percent, how much will you pay for the policy? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Present value
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