What is the ear if the loan compounds continuously

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Question: If you take out a bank loan with a 17% quoted nominal interest rate that is compounded semiannually what is the effective annual rate (EAR)? What is the EAR if the loan compounds continuously? explain steps. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131793495

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