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Given a 12% APR, what is the Effective Annual Rate, given monthly compounding? n PV PMT FV 12 1 -1 0 FV

  

Given a 12% APR, what is the Effective Annual Rate, given monthly compounding? n PV PMT FV 12 1 -1 0 FV

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To calculate the Effective Annual Rate EAR with monthly compounding we can use the formula EAR 1 rn... blur-text-image

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