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Find the EAR in each of the following cases (Use 365 days a year. Do not round intermediate calculations and round your final answers to
Find the EAR in each of the following cases (Use 365 days a year. 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) | |||||||
| 9 | % | Quarterly | % | ||||||
| 18 | Monthly | ||||||||
| 14 | Daily | ||||||||
| 11 | Infinite | ||||||||
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Rich Dads Increase Your Financial IQ Get Smarter With Your Money
Authors: Robert T. Kiyosaki
1st Edition
1612680658, 978-1612680651
