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Find the EAR in each of the following cases (Do not include the percent signs (%). Enter rounded answers as directed, but do not use
Find the EAR in each of the following cases (Do not include the percent signs (%). Enter rounded answers as directed, but do not use the rounded numbers in intermediate calculations. Use 365 days in a year. Round your answers to 2 decimal places (e.g., 32.16)):
stated rate (apr) | number of time compounded | effective rate (ear) |
11.50% | quarterly | ? |
14.50% | monthly | ? |
17.50% | daily | ? |
13.50% | semiannually | ? |
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