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What is the ear if the apr is 9 percent compounded monthly

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You want to have $44,757 in your savings account 17 years from now, and you're prepared to make equal annual deposits into the account at the end of each year. If the account pays 5 percent interest, what amount must you deposit each year?

What is the EAR if the APR is 9 percent compounded monthly? Enter answer with 4 decimals (e.g. 0.1234)

What is the EAR if the APR is 9 percent compounded daily? Enter answer with 4 decimals (e.g. 0.1234)

Reference no: EM132643481

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