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Arp with monthly compounding

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Your bank account pays interest with an EAR of 5%. What is the APR quote for this account based on semiannual compounding? What is the ARP with monthly compounding?

Reference no: EM13921652

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Arp with monthly compounding : Your bank account pays interest with an EAR of 5%. What is the APR quote for this account based on semiannual compounding? What is the ARP with monthly compounding.
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