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Find the APR, or stated rate, in each of the following cases (Do not round intermediate calculations and round your final answers to 2 decimal
Find the APR, or stated rate, in each of the following cases (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)): 1. Number of times compounded --> semianually, Effective Rate (EAR) 11.2 %. What is the APR? 2. Number of times compounded--> monthly, Effective Rate (EAR) 12.1 %. What is the APR? 3. Number of times compounded --> Weekly, Effective Rate (EAR) 9.8%. What is the APR? 4. Number of times compounded--> Infinitely, Effective Rate (EAR) 13.5%. What is the APR?
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