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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) -
9.8 % Quarterly
18.8 Monthly
14.8 Daily
11.8 Infinite - would need Effective rate for all 4 of these
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