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please explain how to get answer, use formulas Question 27 ( 1 point) Your bank account pays quarterly interest with an EAR of 7%. What

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Question 27 ( 1 point) Your bank account pays quarterly interest with an EAR of 7%. What amount of interest will you earn each quarter? 1.58% 1.79% 1.84% 1.71% 2.03%

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