Problem $6-12$ Calculating EAR $[$LO$4]$

Find the EAR in each of the following cases: $($Use $365$ days a year. Do not round intermediate calculations and enter your answers as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

$\backslash$table$[[\backslash$table$[[$Stated Rate$],[($APR$)]],,\backslash$table$[[$Number of Times$],[$Compounded$]],\backslash$table$[[$Effective Rate$],[($EAR$)]]],[8\mathrm{.}5,\%,$Quarterly,$\%$