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skad [1K]
2 years ago
8

You have an APR of 7.5% with continuous compounding. The EAR is _____.

Business
2 answers:
snow_lady [41]2 years ago
6 0

Answer:

c. 7.79%

Explanation:

EAR = e^.075 - 1 = 7.79%

sineoko [7]2 years ago
6 0

Answer:

C. 7.79%  

Explanation:

EAR = exp(APR) - 1

        = exp(0.075) - 1

        = 0.0779

Therefore, The EAR is 7.79%

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