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![A bank CD that pays 7.88 percent compounded monthly. (Round answer to 2 decimal places, e.g. 15.25%.)
Effective annual rate
7.95
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3635b181-9dd2-4a81-9b31-3df7dff2d1a5%2Fb81737db-867b-4b72-b660-2ea579261cfd%2Fa08hte8_processed.jpeg&w=3840&q=75)
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- 4. A bank CD that pays 7.38 percent compounded semiannually. (Round answer to 2 decimal places, e.g. 15.25%.) what is the Effective annual rate %?A three-year bank CD paying 6.82 percent compounded monthly. Calculate effective annual interest rate (EAR)? (Round answer to 2 decimal places, e.g. 15.25%.) Effective annual rate % A three-year bank CD paying 7.32 percent compounded annually. Calculate effective annual interest rate (EAR)? (Round answer to 2 decimal places, e.g. 15.25%.)3. A bank CD that pays 7.58 percent compounded annually. (Round answer to 2 decimal places, e.g. 15.25%.) what is the Effective annual rate %?
- 1.A bank CD that pays 7.38 percent compounded quarterly. (Round answer to 2 decimal places, e.g. 15.25%.) what is the effective annual rate %? 2. A bank CD that pays 7.38 percent compounded monthly. (Round answer to 2 decimal places, e.g. 15.25%.) whats is the Effective annual rate %?A bank CD that pays 7.11 percent compounded semiannually. Calculate the effective annual interest rate (EAR).A bank CD that pays 6.86 percent compounded daily (on a 365-day per year basis). Calculate the effective annual interest rate (EAR).
- A bank offers 10.21 percent compounded semi-annually on its business loans. Calculate the EAR. Select one: a.10.07% b.9.63% c.11.03% d.10.47%Find the new balance, assuming that the bank charges 1 1/2 % per month on the unpaid balance. (Round your answer to the nearest cent.) PreviousBalance Payment NewPurchases $134.31 $45 $73.98 $Pacific Bank pays a 9.75% nominal rate on deposits, with monthly compounding. What effective annual rate (EFF%) does the bank pay? Select the correct answer.
- Pacific Bank pays a 7.00% nominal rate on deposits, with monthly compounding. What effective annual rate (EFF%) does the bank pay? Select the correct answer. a. 6.63% b. 7.23% c. 6.93% d. 7.53% e. 7.83%3a. You are paying an effective annual rate of 18.974 percent on your credit card. Theinterest is compounded monthly. What is the annual percentage rate on this account? 3b. What is the effective annual rate if a bank charges you 9.50 percent annually butcompounded quarterly?An account pays 7% annual interest compounded monthly. What is the effective interest rate on this account? note: show your answer in percent and to two decimal points. For example, input 12.126% as 12.13
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