Your bank account pays interest with an EAR of 9%. What is the APR quote for this account based on semiannual compoundin
Posted: Sun Jun 05, 2022 10:30 am
Your bank account pays interest with an EAR of 9%. What is the APR quote for this account based on semiannual compounding? What is the APR with monthly compounding? With semiannual payments, the APR is %. (Round to three decimal places.) With monthly payments, the APR is %. (Round to three decimal places.)