Answer Happy

Posted: **Wed Jul 06, 2022 6:44 pm**

: Ear What Is The Effective Annual Rate Ear Of A Mortgage That Is Advertised At 7 5 Apr Over The Next Twenty Years A 1 (17.71 KiB) Viewed 14 times

EAR. What is the effective annual rate (EAR) of a mortgage that is advertised at 7.5% (APR) over the next twenty years and paid with semiannual payments? What is the effective annual rate (EAR) of the mortgage at 7.5% APR with semiannual payments? % (Round to two decimal places.)