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Find the APR, or stated rate, in each of the following cases (Do not round intermediate calculations. Enter your answers as a percent rounded to
Find the APR, or stated rate, in each of the following cases (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.): |
Stated Rate (APR) | Number of Times Compounded | Effective Rate (EAR) | |||||||
% | Semiannually | 11.3 | % | ||||||
Monthly | 12.2 | ||||||||
Weekly | 9.9 | ||||||||
Infinite | 13.6 |
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