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Problem 6-12 Calculating EAR (L04) Find the EAR in each of the following cases (Use 365 days a year. Do not round intermediate calculations and

Problem 6-12 Calculating EAR (L04) 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., 32.16.): Stated Rate (APR) 9.7% Effective Rate (EAR) % Number of Times Compounded Quarterly Monthly Daily Infinite 18.7 14.7 11.7

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