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Find the EAR in each of the following cases Use 365 days a year Do not round intermediate calculations Enter your answers as a percent rounded to 2 decimal places eg 3216 Stated Rate

Find the EAR in each of the following cases (Use 365 days a year. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.):

Stated Rate (APR) Number of times compounded annually Effective Rate (EAR)
9.9% Quarterly ___%
18.9 Monthly ___
14.9 Daily ___
11.9 Infinite ___
 

Apr 07 2020 View more View Less

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