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  2. Topic
    Business
  3. Study Set
    Fundamental Principles of Finance
  4. Exam
    Exam 2: Time Value of Money
  5. Question
    With an APR of 8
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With an APR of 8

Question 4

Question 4

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With an APR of 8.65%, what is the effective annual rate (EAR) if compounding occurs:

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