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Find the apr or stated rate in each of the following cases

Expert Answer Solution To find APR (annual percentage rate) with the given EAR (effective annual rate) We first see the formula 1+ EAR = (1+ APR/ n) (n) Here n is the number of times

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Find the APR, or stated rate, in each of the following cases

Explanation: The APR is simply the interest rate per period times the number of periods in a year. In this case, the interest rate is 30 percent per month, and there are 12 months in a year, so we
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Solved Find the APR or stated rate in each of the following

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. Use 365 days in a year.) Number of Times Stated Rate (APR) Compounded % Semiannually % Monthly % Weekly % Daily Effective Rate (EAR) 16.25 % 12.25 % 8.75 % 6.75 %

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Find the APR, or stated rate, in each of the following cases. (Do

apr = [(1.119)^(1/2)-1]*2 apr = 0.11565592665. apr = 11.57%. 2. ear = (1+apr/m)^m-1. 0.128 = (1+apr/12)^12-1 apr = [(1+0.128)^(1/12)-1]*12 apr = 0.12105265037. apr = 12.11% 3.

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