Question: Answer question at the end please! What is the effective annual rate if the annual percentage rate is 7% compounded daily? Enter your answer as

Answer question at the end please! What is the effective annual

Answer question at the end please!

What is the effective annual rate if the annual percentage rate is 7% compounded daily? Enter your answer as a percentage rounded to two decimal places. Do not include the percentage sign in your answer. Do not round the decimal number after you have performed the division of the interest rate. Enter your answer below. o Correct response: 7.2510.01% Click "Verify" to proceed to the next part of the question. Given the EAR of 7.25%, what is the future value of $3,000 invested at an annual percentage rate of 7% compounded daily for 7 years? Enter your response below

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