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