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5-Find the APR, or stated rate, in each of the following cases. (Do not round intermediate calculations and enter your answers as a percent rounded
5-Find the APR, or stated rate, in each of the following cases. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Use 365 days in a year.)
Stated Rate (APR) | Number of Times Compounded | Effective Rate (EAR) | |||
% | Semiannually |
| 15.50 | % |
|
% | Monthly |
| 11.50 |
|
|
% | Weekly |
| 9.50 |
|
|
% | Daily |
| 7.50 |
|
|
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