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Given an APR of 6.7 percent and compounding period of quarterly, calculate the EAR.538% b.870% c.486% d.

Given an APR of 6.7 percent and compounding period of quarterly, calculate the EAR.

a.6.538%

b. 6.870%

c. 6.486%

d. 6.700%

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3 comments
  • typo in the second line under explanation n = 4 (not 12)
    • payaljain3
    • May 13, 2018 at 9:48am
  • Thanks for your time.
    • bluplanet
    • May 13, 2018 at 9:54am
  • You are most welcome
    • payaljain3
    • May 13, 2018 at 9:54am

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