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Find the APR, or stated rate, in each of the following cases. Note: Do not round intermediate calculations and enter your answers as a percent
Find the APR, or stated rate, in each of the following cases.
Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Use 365 days in a year.
\begin{tabular}{|r|r|l|r|l|} \hline \multicolumn{2}{|c|}{ Stated Rate (APR) } & \multicolumn{1}{c|}{NumberofTimesCompounded} & \multicolumn{2}{c|}{EffectiveRate(EAR)} \\ \hline & % & Semiannually & 16.50 & % \\ \hline & % & Monthly & 12.50 & % \\ \hline & % & Weekly & 8.50 & % \\ \hline & % & Daily & 6.50 & % \\ \hline \end{tabular}
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