If these returns are compounded monthly what is the
A bank quotes an APR on its 5-year cd’s of 8 percent.
a. If these returns are compounded monthly, what is the EAR?
b. If these returns are continuously compounded, what is the EAR?
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a bank quotes an apr on its 5-year cdrsquos of 8 percenta if these returns are compounded monthly what is the earb if
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