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Please can i get help with these questions? 3) What is the effective annual rate (EAR) (in percent) if the stated rate, or APR, is
Please can i get help with these questions?
3) What is the effective annual rate (EAR) (in percent) if the stated rate, or APR, is 7.77 percent and there are 28 compounding periods per year? Answer to two decimals. 4) If the EAR = 7.89 percent, and there are 287 compounding periods per year, what is the APR (in percent)? Answer to two decimals Step by Step Solution
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