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Using only the EFFECT Excel function, calculate the EAR in each of the following cases: APR:12% Number of Compounded Times: Infinite EAR=? APR=10% Number of

Using only the EFFECT Excel function, calculate the EAR in each of the following cases:

APR:12% Number of Compounded Times: Infinite EAR=?

APR=10% Number of Times Compounded: Daily EAR=?

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