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Find the EAR in each of the following cases. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal
Find the EAR in each of the following cases. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Use 365 days in a year.) Answer is complete but not entirely correct. Stated Rate (APR) 9.75 % 16.25 % 15.75 % 11.75 % Number of Times Compounded Quarterly Monthly Daily Semiannually Effective Rate (EAR) 10.11 % 18.10 % 17.05 % 12.10 %
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