Need help with an easy calculation in accounting or math

Accounting
Tutor: None Selected Time limit: 1 Day

What is the correct calculation of the effective annual rate (EAR) if the stated rate is 5 percent and compounding occurs quarterly?

Question 20 options:
Dec 13th, 2015

Thank you for the opportunity to help you with your question!

EAR = (1 + 0.05/4)4 - 1.0

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Dec 13th, 2015

Thanks so much, Please share with me any issue concerning the same.

Dec 13th, 2015

Thank you so much

Dec 13th, 2015

You are welcome.

Dec 13th, 2015

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