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QUESTION 10 You see a bank term deposit quoting 5% per annum compounded monthly. What is the effective annual rate (ie, the EAR)? Round your

QUESTION 10 You see a bank term deposit quoting 5% per annum compounded monthly. What is the effective annual rate (ie, the EAR)? Round your answer to two decimal places. a. 5.42% b.4.58% 6. 5.55% d. 5.00% e. 5.12

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