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interest

BBrian5y ago
sir i created this question for a proper understanding Investment Wye offers one interest payment of 20% at the end of its five-year life. what is the EAR ? so is this correct ( provided that the above is the question ) (1+0.2)^0.2-1 which is equal to 3.71%
John MoffatJohn MoffatTutor5y ago#1
Yes, that is correct.
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