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Question: Your bank account pays interest with an EAR of 5%. What is the APR quote for this account based on semiannual compounding? What is the APR with monthly compounding? With semiannual payments, the APR is _____ % (Round to three decimal places.) The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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