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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 32 16 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 Effective Rate (EAR)
8.7 % Quarterly %
17.7 Monthly    
13.7 Daily    
10.7 Infinite   

Apr 07 2020 View more View Less

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