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You deposited $100 in a savings account 7 months ago. You currently have $102.50. What was the EAR if the bank paid interest with monthly

You deposited $100 in a savings account 7 months ago. You currently have $102.50. What was the EAR if the bank paid interest with monthly compounding? 1 0.4166 (express as a decimal (not a percent) rounded to 4 digits after the decimal 0.xxxx)) Answers 1-1 1. 0.4166

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