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Find the APR, or stated rate, in each of the following cases: Solve using excel Input area: Output area: Compounding periods per year Effective rate
Find the APR, or stated rate, in each of the following cases: |
| |
Solve using excel | ||
Input area: | ||
Output area: | ||
Compounding periods per year | Effective rate (EAR) | Stated rate (APR) |
2 | 14.20% | |
12 | 18.40% | |
52 | 11.10% | |
Infinite | 8.90% |
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