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Homework answers / question archive / What is the EAR if the APR is 11% and compounding is semiannually?
What is the EAR if the APR is 11% and compounding is semiannually?
EAR = (1+APR/ n)^n - 1
n = 2
= (1+0.11/ 2)^2 - 1
= (1.055^2) - 1
= 1.113025 - 1
= 11.30%
