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The quarterly compounded APR is 12%. What is the EAR? What is the present value today of $1,000 to be received in 3 years? No

  1. The quarterly compounded APR is 12%.
    1. What is the EAR?
    2. What is the present value today of $1,000 to be received in 3 years?

No Excel sheets please, I need to see the entire process written down with the formulas. Thank you!

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