5 Periodic interest rates You have a savings account in which you leave the funds...
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5 Periodic interest rates You have a savings account in which you leave the funds for one year without adding to or withdrawing from the account. Which would you Father have a daly compounded rate of O 045%, a weekly compounded rate of 0 285% a monthly compounded rate of 1.35%, a quarterly compounded rater of 400%, a semiannually compounded rate of 7%, or an annually compounded rate of 16%? D What is the effective annual rato (EAR) of a daily compounded rate of 0.045%? (Round to two decimal places)
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