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    Corporate Finance Study Set 5
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    Exam 5: Interest Rates
  5. Question
    The Effective Annual Rate (EAR)for a Savings Account with a Stated
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The Effective Annual Rate (EAR)for a Savings Account with a Stated

Question 35

Question 35

Multiple Choice

The effective annual rate (EAR) for a savings account with a stated APR of 4% compounded daily is closest to:


A) 4.00%
B) 4.10%
C) 4.08%
D) 4.06%

Correct Answer:

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