You invested in a 3-month certificate of deposit at your bank. Your investment was $1,634,...
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Accounting
You invested in a 3-month certificate of deposit at your bank. Your investment was $1,634, and at the end of the term you will receive $1,962.
a. What is the holding period return (HPR) on your investment? (Round your answer to 2 decimal places.)
HPR %
b. What is the annual percentage rate (APR)? (Round your answer to 2 decimal places.)
APR %
c. What is the effective annual rate (EAR)? (Round your answer to 2 decimal places.)
EAR %
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