If you earn 7% compounded daily, what is the EAR? 7% 7%/365 7%*365 7.25%

Question

Question

If you earn 7% compounded daily, what is the EAR?

7%

7%/365

7%*365

7.25%

business finance

Answer 1

Answer #1

Ans 7.25%

EAR =

( 1 + r )^n - 1

Answer 2

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