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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) | |||||||
| 8.9 | % | Quarterly | % | ||||||
| 17.9 | Monthly | ||||||||
| 13.9 | Daily | ||||||||
| 10.9 | Infinite | ||||||||
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Numerical Techniques In Finance
Authors: Simon Benninga
1st Edition
0262022869, 978-0262022866
