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Problem 6-12 Calculating EAR [LO4] 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 [LO4]

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)		Number of Times Compounded	Effective Rate (EAR)
8.4	%	Quarterly		%
17.4		Monthly
13.4		Daily
10.4		Infinite

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