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Problem 4-15 Calculating EAR Find the EAR in each of the following cases: (Assume 365 days in a year. Do not round intermediate calculations. Enter

Problem 4-15 Calculating EAR Find the EAR in each of the following cases: (Assume 365 days in 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)
8 % Quarterly %
17 Monthly
13 Daily
10 Infinite

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