You invest $ 1 0 , 0 0 0 for 4 years in a bank account paying 1 5 p a , compounded monthly ( a ) What is the APR 1 5 ( b ) What is the interest rate per compounding period ( c ) What is the EAR

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You invest $ 1 0 , 0 0 0 for 4 years in a bank account paying 1 5 % p . a . ,

You invest $

10, 000

for

4

years in a bank account paying

15 %

.

.,

compounded monthly.

(

)

What is the APR?

15 % (

)

What is the interest rate per compounding period?

(

)

What is the EAR?

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