For problem #12 on page 156 of the textbook Essentials of Corporate Finance 9th Edition, I am getting a slightly different number when using a financial calculator to solve for EAR than the solutions provided through chegg that use a formula to solve. For monthly, I got 18.39% and daily 13.88%. Are these answers still correct?

125.000 For each o// Interest Rate Years 8% LOT Calculating Annuity Values. area the Annual Payment 40 $ 1.900 6,000 2,950 6,400 30 o at the end of each year ent interest, how much an account years? How much will you hah Calculatest 20 years in the ac ance Co. is trying to sell 0.000 per year s 6 percent, how much will If you deposit $5,000 at th. Calculating Annuity Values. 201 for the next 20 years into an account paying 9.6 percent in money will you have in the account in 20 years? How mu you make deposits for 40 years? 10. Calculating Perpetuity Values. Curly's Life Insurance Co you an investment policy that will pay you and your heirs $3 forever. If the required return on this investment is 6 percent. 201 previous problem, suppose Curly's ould this be a fait L01 you pay for the policy? 11. Calculating Perpetuity Values. In the previous problem, su told you the policy costs $645,000. At what interest rate would this deal? L0 4 12. Calculating EAR. Find the EAR in each of the following cases: Number of Times Compounded Effective Rate (EAR Stated Rate (APR) 10% Quarterly Monthly Daily Semiannually 104 13. Calculating APR. Find the APR, or stated rate, in each of the following cases: Stated Rate (APR) Times Compounded Effective Rate (E Semiannually Monthly 14%