PROBLEMS

Periodic interest rates. In the following table, fill in the periodic rates and the effective annual rates.

$\backslash$table$[[,$APR,$\backslash$table$[[$Compounding$],[$Periods per Year$]],$Periodic Rate,$\backslash$table$[[$Effective$],[$Annual Rate$]]],[$Semiannual$,8\%,2,,],[$Quarterly$,9\%,4,,],[$Monthly$,7\mathrm{.}5\%,12,,],[$Daily$,4\mathrm{.}25\%,365,,]]$