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Find the EAR in each of the following cases: (Use 365 days a year. Do not round intermediate calculations. Round the final answers to 2
Find the EAR in each of the following cases: (Use 365 days a year. Do not round intermediate calculations. Round the final answers to 2 decimal places.)
| Stated Rate (APR) | Number of Times Compounded | Effective Rate (EAR) | |||||||
| 9.8 | % | Quarterly | % | ||||||
| 18.8 | Monthly | ||||||||
| 14.8 | Daily | ||||||||
| 11.8 | Infinite | ||||||||
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International Finance
Authors: Maurice D. Levi
4th Edition
