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Problem 6.32 You are considering three alternative investments A three-year bank CD paying 7.87 percent compounded quarterly. Calculate effective annual interest rate (EAR)? (Round answer

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Problem 6.32 You are considering three alternative investments A three-year bank CD paying 7.87 percent compounded quarterly. Calculate effective annual interest rate (EAR)? (Round answer to 2 decimal places, e.g. 15.25%.) Effective annual rate 7% K TO TEXT A three-year bank CD paying 7.67 percent compounded monthly. Calculate effective annual interest rate (EAR)? (Round answer to 2 decimal places, e.g. 15.2596.) Effective annual rate LINK TO TEXT A three-year bank CD paying 8.17 percent compounded annually. Calculate effective annual interest rate (EAR)? (Round answer to 2 decimal places, eg. 15.25%.) Effective annual rate LINK TO TEXT Which of the above investments has the highest effective annual interest rate (EAR)? The three-year bank CD paying has the highest effective yield Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT

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