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How do you calculate infinite APR? Find the APR, or stated rate, in each of the following cases (Do not round intermediate calculations and enter
How do you calculate infinite APR?
Find the APR, or stated rate, in each of the following cases (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.): Stated Rate (APR) 10.90 % 11.48 9.36 Number of Times Compounded Semiannually Effective Rate (EAR) 11.2 % Monthly 12.1 Weekly 9.8 Infinite 13.5Step by Step Solution
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