Question: This set of problems is designed to be calculated using the Excel or financial calculator. Do not use financial tables to calculate these problems. Question

This set of problems is designed to be calculated using the Excel or financial calculator. Do not use financial tables to calculate these problems. Question 5 (1 point) Your savings account has a nominal annual interest rate of 8.14 percent, compounded monthly. Calculate the effective annual rate, or EAR (annual percentage yield). Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box) Your

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