Find the APR, or stated rate, in each of the following cases. Stated Rate (APR)

Question

Find the APR, or stated rate, in each of the following cases.

Stated Rate (APR)          Number of Times Compounded                Effective Rate (EAR)

            ?            %                          Semiannually                                       12.25 %

            ?            %                           Monthly                                                8.25

            ?          %                              Weekly                                             12.75

            ?            %                                Daily                                               10.75

Explanation / Answer

Effective Annual Rate = (1 + Periodic Rate)m

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