What is the effective annual rate (EAR) if the stated rate is 8% and compounding occurs...
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What is the effective annual rate (EAR) if the stated rate is 8% and compounding occurs monthly? I got 0.082999507%, can you confirm that pls. I used the EAR formula = (1 + / stated/M) - 1.0, can you pls provide the excel formula as well? What is the effective annual rate (EAR) if the stated rate is 8% and compounding occurs monthly? I got 0.082999507%, can you confirm that pls. I used the EAR formula = (1 + / stated/M) - 1.0, can you pls provide the excel formula as well?
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To calculate the Effective Annual Rate EAR when the stated rate is 8 and compounding occurs monthly ... View the full answer
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
Posted Date:
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