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What is the EAR if the APR is 6% and compounding is bi-monthly (2-months period)? 1) The EAR is between 6.17% and 6.19% 2) The

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What is the EAR if the APR is 6% and compounding is bi-monthly (2-months period)? 1) The EAR is between 6.17% and 6.19% 2) The EAR is between 5.05% and 5.07% 3) The EAR is between 5.09% and 5.10% 4) The EAR is between 6.13% and 6.14% 5) The EAR is between 5.12% and 5.13% 6) The EAR is between 6.15% and 6.16% 7) none of the above

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