Find the APR, or stated rate, in each of the following cases. (Use 365 days in a year. Do not round intermediate calculations and 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	15.3	%
?	%	Monthly	8.7	%
?	%	Weekly	9.4	%
?	%	Daily	14.9	%

2.

Consider the following cash flows:

Year	Cash Flow
2		$	15,000
3			24,000
5			33,000

Assume an interest rate of 6.1 percent per year.

a.	If today is Year 0, what is the future value of the cash flows five years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b.	If today is Year 0, what is the future value of the cash flows ten years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

a.	Future value	?
b.	Future value	?