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You are considering three alternative investments: (a) A three-year bank CD paying 7.25 percent compounded quarterly. Calculate effective annual interest rate (EAR)? (Round answer to

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You are considering three alternative investments: (a) A three-year bank CD paying 7.25 percent compounded quarterly. Calculate effective annual interest rate (EAR)? (Round answer to 2 decimal places, eg. 15.25%.) Effective annual rate % Save for Later Attempts: 0 of 2 used Submit

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