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Find the effective annual interest rate or annual percentage rate for each case: APR Compounding period Number of compounding periods EAR Case : A 9%
Find the effective annual interest rate or annual percentage rate for each case:
APR | Compounding period | Number of compounding periods | EAR | |
Case : A | 9% | 1 month | 12 | ? |
Case : B | 6% | 3 months | 4 | ? |
Case : C | ? | 4 months | 3 | 12.4864% |
Case : D | ? | 6 months | 2 | 10.25% |
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