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It is now January 1, 2019, and you will need $1,000 on January 1, 2023, in 4 years. What is the EAR, or EFF%, earned
It is now January 1, 2019, and you will need $1,000 on January 1, 2023, in 4 years. What is the EAR, or EFF%, earned on the bank account in #11? What is the APR earned on the account? (#11 had a rate of 8% compounded semiannually).
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