Question: I am putting $10,000,000 in a CD with a stated rate of 5.3% for one year. What would the value be after one year if
I am putting $10,000,000 in a CD with a stated rate of 5.3% for one year. What would the value be after one year if you compounded daily, weekly, monthly and semiannually? More commonly known as the Effective Annual Rate (EAR)?
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The EAR is calculated by taking the 12th root of 1 plus the periodic rate r... View full answer
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