Find the EAR in each of the following cases (Do not include the percent signs (%
ID: 2754123 • Letter: F
Question
Find the EAR in each of the following cases (Do not include the percent signs (%). Enter rounded answers as directed, but do not use the rounded numbers in intermediate calculations. Use 365 days in a year. Round your answers to 2 decimal places (e.g., 32.16)):
Find the EAR in each of the following cases (Do not include the percent signs (%). Enter rounded answers as directed, but do not use the rounded numbers in intermediate calculations. Use 365 days in a year. Round your answers to 2 decimal places (e.g., 32.16)):
Stated Rate (APR) Number of times compounded Effective Rate (EAR) 12.50% quarterly ? 13.50% daily ? 18.50% monthly ? 14.50% semiannually ?Explanation / Answer
Stated Rate (APR) Number of times compounded Effective Rate (EAR) 12.50% quarterly 13.10% 13.50% daily 14.45% 18.50% monthly 20.15% 14.50% semiannually 15.03%
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