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Find the per period rate and the APR (the stated interest rate) for each case: (Round Per period rate to 3 decimal places.) Effective Annual
Find the per period rate and the APR (the stated interest rate) for each case: (Round Per period rate to 3 decimal places.) Effective Annual Interest Rate 10.00% Compounding Period 1 month 6 months Per period rate 0.1 APR 9.57 * % 6.09% 0.06 5.94 x % 8.24% 3 months 0.08 8.02 %
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