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Your bank account pays interest with an EAR of 5%. What is the APR quote for this account based on monthly compounding? What is the

  1. Your bank account pays interest with an EAR of 5%.

What is the APR quote for this account based on monthly compounding?

What is the after-tax real rate of interest (APR), assuming an annual inflation rate of 2% and a marginal tax rate of 2%?

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