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What is the effective annual rate (EAR) if the stated rate is 8% and compounding occurs monthly? I got 0.082999507%, can you confirm that
What is the effective annual rate (EAR) if the stated rate is 8% and compounding occurs monthly? I got 0.082999507%, can you confirm that pls. I used the EAR formula = (1 + / stated/M) - 1.0, can you pls provide the excel formula as well?
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
