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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 | Effective Rate (EAR) | |||||||
| 9.7 | % | Quarterly | % | ||||||
| 18.7 | Monthly | ||||||||
| 14.7 | Daily | ||||||||
| 11.7 | Infinite | ||||||||
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