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I don't understand how the EAR is equaled to 0.0033 here i do 1+0.04/2 -1 i get 0.20 in the case the answer is equal
I don't understand how the EAR is equaled to 0.0033
here i do 1+0.04/2 -1 i get 0.20
in the case the answer is equal to 0.033 how did we arrive to this answer
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Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
12th edition
1259720683, 978-1259720680
