Your bank account pays interest with an ear of 4 what is, Finance Basics

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Your bank account pays interest with an ear of 4 what is

Question: Your bank account pays interest with an EAR of 4% What is the APR quote for this account based on semiannual compounding-? What is the APR with monthly compounding? What is the APR quote for this account based on semiannual compounding? The APR quote for the account with semiannual compounding Is_%. (Round to three decimal places.) What Is the APR with monthly compounding? The APR quote for the account with monthly compounding Is_%. (Round to three decimal places.)

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Finance Basics: Your bank account pays interest with an ear of 4 what is

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