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Find the APR, or stated rate, in each of the following cases (Do not round intermediate calculations and round your final answers to 2 decimal
Find the APR, or stated rate, in each of the following cases (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)):
Stated Rate (APR) | Number of Times Compounded | Effective Rate (EAR) | |||||||
% | Semiannually | 10.5 | % | ||||||
Monthly | 11.4 | ||||||||
Weekly | 9.1 | ||||||||
Infinite | 12.8 |
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