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Question 4 5 pts Your bank promises that if you deposit $5,925 into your savings account today, you will have a guaranteed account balance of
Question 4 5 pts Your bank promises that if you deposit $5,925 into your savings account today, you will have a guaranteed account balance of $10,335 in the year 9. What is the implied EAR (effective annual interest rate)? Input your response in per cent (rounded to two decimal places) but without the per cent sign. Question 5 2 pts What is the 6-year discount factor if the interest rate is 14%? If your answer is less than one, include the 0 before the decimal point and round off to three decimal points
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