a,b,c,d,e.... all part of number 6

6. Effective Annual Rate (EAR) problems. Remember, percentages must be to 2 decimal places, such as a. Abe has a credit card that has an annual percentage rate (APR) of 26%. Interest is d. Barb has a loan which has an APR of 8%. Interest is compounded semi-annually. Calculate 5.25%; monthly. Calculate the EAR b. From question "a". Calculate the EAR if interest is compounded weekly (assume 52 weeks.) c. From question "a". Calculate the EAR if interest is compounded continuously. the EAR pous, such as 5.25%, e. Clyde borrowed money from Dewey, Cheatum & Howe at a rate of 25% a month. i. Calculate the APR. [Hint: remember how to calculate a monthly rate from an annual rate) ii. Calculate the EAR. is for 15 years

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