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6-2 Problem 6-12 Calculating EAR (L04) Find the EAR in each of the following cases: (Use 365 days a year. Do not round intermediate calculations

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Problem 6-12 Calculating EAR (L04) Find the EAR in each of the following cases: (Use 365 days a year. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Stated Rate (APR) 9.5 % 18.5 14.5 Number of Times Compounded Quarterly Monthly Daily Infinite Effective Rate (EAR) 8.23% 18.39 13.88 11.5

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