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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

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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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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