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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) | |||||||
9.9 | % | Quarterly | % | ||||||
18.9 | Monthly | ||||||||
14.9 | Daily | ||||||||
11.9 | Infinite |
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