The lowest ear effective annual return is obtained, Financial Management

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The lowest ear effective annual return is obtained

The lowest EAR (effective annual return) is obtained from:

An account that pays 9% nominal interest with monthly compounding

An account that pays 8% nominal interest with annual compounding

An account that pays 8% nominal interest with daily (365-day) compounding

An account that pays 8% nominal interest with monthly compounding An account that pays 9% nominal interest with daily (365-day) compounding

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Financial Management: The lowest ear effective annual return is obtained

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Financial Management: The lowest ear effective annual return is obtained

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