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PLEASE SHOW WORK WITHOUT USING EXCEL What is the EAR if the APR is 6% and compounding is semi-annually? a) Slightly above 6.15% b) Slightly

*PLEASE SHOW WORK WITHOUT USING EXCEL*

What is the EAR if the APR is 6% and compounding is semi-annually?

a) Slightly above 6.15%

b) Slightly below 6.15%

c) Slightly above 6.13%

d) Slightly below 6.13%

e) none of the above

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