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I. You are planning to invest $5,000 in a bank which offers you 6% interest P.A. a. Calculate effective annual interest rate(EAR) of this 10-year

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I. You are planning to invest $5,000 in a bank which offers you 6% interest P.A. a. Calculate effective annual interest rate(EAR) of this 10-year deposit if interest is compounding on monthly basis. b. How much will be there in your bank account after 10 years, if interest compounding monthly? C. If interest compounding weekly how much more in your account after 10 years? backspace num lock

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