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You deposit $1 for six months, and thus your balance increases from $1 to $1.0431 (i.e., for six month, the interest rate is 4.31%). Regarding

You deposit $1 for six months, and thus your balance increases from $1 to $1.0431 (i.e., for six month, the interest rate is 4.31%). Regarding this investment, compute the annualized percentage rate and the effective annual rate. (4 points)

APR = ??

EAR = ???

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