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Find the APR, or stated rate, in each of the following cases. (Use 365 days in a year. Enter rounded answers as directed, but do
Find the APR, or stated rate, in each of the following cases. (Use 365 days in a year. Enter rounded answers as directed, but do not use rounded numbers in 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 | 16.25 | % | ||
% | Monthly | 12.25 | |||
% | Weekly | 8.75 | |||
% | Daily | 6.75 |
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