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Find the EAR in each of the following cases (Use 365 days a year. Do not round intermediate calculations. Enter your answers as a percent
Find the EAR in each of the following cases (Use 365 days a year. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.):
Stated Rate (APR) | Number Of Times Compounded Annually | Effective Rate (EAR) |
9.9% | Quarterly | |
18.9 | Monthly | |
14.9 | Daily | |
11.9 | Infinite |
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