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help please What is the EAR? 7.45% 7.19% 8.34% 7.76% 8.88% Question 2 (1 point) What is the EAR? 3.78% 4.09% You have a savings
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What is the EAR? 7.45% 7.19% 8.34% 7.76% 8.88% Question 2 (1 point) What is the EAR? 3.78% 4.09% You have a savings account in which you leave the funds for one year without adding or withdrawing from the account. What is the value of the highest EAR given the following periodic rates: a daily compounded rate of 0.045%, a weekly compounded rate of 0.305%, a monthly compounded rate of 1.35%, a quarterly compounded rate of 4.15%, a semi-annually compounded rate of 8.5%, or an annually compounded rate of 17% ? EAR=(1+PeriodicRate)C/Y1 16.10% 16.72% 17.85% 18.36% 20.05% Question 4 (1 point) What is the EAR of a car loan that is advertised at 9.5% (APR) and paid with monthly payments? 11.93% 9.92% 10.81% 8.98% If Denise is considering switching to a monthly savings plan and puts one-twelfth of $5,000 away each month (\$416.66), how much will she have in forty-four years at the 6% APR? 925,513.72 1,061,727.60 1,199,421.35 1,076,759.95 1,231,525.55 Question 9 (1 point) What payment does Denise (from Problem 8 ) need to make at the end of each month over the coming forty-four years at 6% to reach her retirement goal of $1,000,000 ? 337.27 357.32 386.96 433.74 440.76 Step by Step Solution
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