finance question

Find the EAR in each of the following cases. HINT: Recall that the EAR and APR for the same rate result in the same amount of interest [just Iilre measuring the distance to New York In miles versus kitommrs Still represents the same distance}. So even though the rates are quoted differently. over the same time period they resutt In the same amount of Interest. To solve for the EAR. then. we set the future yatue of the APR and EAR equal to one another after one year [principal and interest must be the same}: [1 + EAR) = [1 + (apermm Since you know the APR. solve for the EAR [the Interest rate that. when compounded annually. gives you the same interest as the quoted APR). Required: ta] 19 annual interest. compounded quarterly {Click to select} v (b.1696 annual Interest. compounded monthly {Click to select} v to} 1596 annual interest. compounded daily {Click to select} v ($1596 annual interest. with innite [continuous] compounding. NOTE: here you use the natural number I. as in the equation EAR = .rT_ 1 where T = number of years. {Click to select} V