Homework: Chapter 5 Homework Save 2 of 7 (0 complete) HW Score: 0%, 0 of 7 pts Score: 0 of 1 pt P5-3 (similar to) Question Help EAR. What is the effective annual rate (EAR) of a mortgage that is advertised at 6.5% (APR) over the next twenty years and paid with semiannual payments? What is the effective annual rate (EAR) of the mortgage at 6.5% APR with semiannual payments? % (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer. All parts showing Clear All Check