Find the APR, or stated rate, in each of the following cases
Question # 00329574
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Updated on: 07/01/2016 07:36 AM Due on: 07/01/2016
Find the APR, or stated rate, in each of the following cases (Do not round intermediate calculations. 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) % Semiannually 12.2 % Monthly 13.1 Weekly 10.8 Infinite 14.5
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Solution: Find the APR, or stated rate, in each of the following cases