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What is the correct answer to the last part?? Find the EAR in each of the following cases. (Do not round intermediate calculations and enter
What is the correct answer to the last part??
Find the EAR in each of the following cases. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Use 365 days in a year.) Answer is complete but not entirely correct. Stated Rate (APR) Number of Times Effective Rate Compounded (EAR) 12.00 % Quarterly 12.55 % 14.00 Monthly 14.93 % 18.00 % Daily 19.72 % 14.00 % Semiannually 14.84 %Step by Step Solution
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