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If the EAR of my money market account, which compounds daily, is 14.5%, what is the APR of my money market account? Question 6 1
If the EAR of my money market account, which compounds daily, is 14.5%, what is the APR of my money market account? Question 6 1 pts A friend approaches you with an opportunity to invest in a perpetuity that pays $5 per year forever with your first payment arriving one year from today. You have an investment portfolio that earns an average rate of return of 11% per year. Up to what price should you be willing to pay to invest in this perpetuity? (Round to the nearest cent or 1/100th of a Dollar)
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