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Question 9 (2 points) (Extra Credit) Your bank account pays interest with an EAR of 5%. What is the APR quote for this account based

Question 9 (2 points) (Extra Credit) Your bank account pays interest with an EAR of 5%. What is the APR quote for this account based on semi-annual compounding? 6.00% 4.94% 2.50% 2.47%

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