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If the APR is 16%, calculate the EAR under the following conditions: (i) Monthly compounding (ii) Annual compounding (iii) Semi-annual compounding (iv) Daily compounding (v)

If the APR is 16%, calculate the EAR under the following conditions:

(i) Monthly compounding

(ii) Annual compounding

(iii) Semi-annual compounding

(iv) Daily compounding

(v) Infinite compounding

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