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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 $15 %$ p $.$ a $.,$ compounded monthly. $($ a $)$ What is the APR? $15 % ($ b $)$ What is the interest rate per compounding period? $($ c $)$ What is the EAR?

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Question

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% p.a., compounded monthly.(a) What is the APR? 15%(b) What is the interest rate per compounding period?(c) What is the EAR?

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You invest $ $10, 000$ for $4$ years in a bank account paying $15 %$ p $.$ a $.,$ compounded monthly. $($ a $)$ What is the APR? $15 % ($ b $)$ What is the interest rate per compounding period? $($ c $)$ What is the EAR?