Problem 6-15 Calculating APR (L04) Elliott Credit Corp. wants to earn an effective annual return on its consumer loans of 14.3 percent per year. The bank uses daily compounding on its loans. What interest rate is the bank required by law to report to potential borrowers? (Use 365 days a year. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Interest rate % inces Problem 6-13 Calculating APR (LO4) 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) % Number of Times Compounded Semiannually Monthly Weekly Infinite Effective Rate (EAR) 11.8 % 12.7 10.4 s 14.1