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Find the APR, or stated rate, in each of the following cases Stated Rate (APR) Number of Times Compounded Effective Rate (EAR) % Semiannually 11.7
Find the APR, or stated rate, in each of the following cases |
Stated Rate (APR) | Number of Times Compounded | Effective Rate (EAR) | |||||||
% | Semiannually | 11.7 | % | ||||||
Monthly | 12.6 | ||||||||
Weekly | 10.3 | ||||||||
Infinite | 14.0 |
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