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Find the APR, or stated rate, in each of the following cases. Required: (a) An effective interest of 6% compounded semiannually (Click to select)5.03%6.09%5.32%5.62%5.91% (b)
Find the APR, or stated rate, in each of the following cases. |
Required: |
(a) | An effective interest of 6% compounded semiannually |
(Click to select)5.03%6.09%5.32%5.62%5.91% |
(b) | An effective interest of 6% compounded monthly |
(Click to select)6.72%5.84%6.09%7.01%4.67% |
(c) | An effective interest of 7% compounded weekly |
(Click to select)8.12%5.42%7.12%7.45%6.77% |
(d) | An effective interest of 12% with infinite compounding |
(Click to select)10.20%11.33%12.36%12.47%12.18% |
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