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Find the EAR in each of the following cases: (Use 365 days a year. Do not round intermediate calculations and enter your answers as a
| Find the EAR in each of the following cases: (Use 365 days a year. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) |
| stated rate (apr) | number of times compounded | effective rate (ear) |
| 8.0% | quarterly | |
| 17.0 | monthly | |
| 13.0 | daily | |
| 10.0 | infinite |
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Public Finance Administration
Authors: B. J. Reed, John W. Swain
2nd Edition
0803974051, 978-0803974050
