Find the EAR in each of the following cases

jagguarpaw January 26, 2017 0 Comments

Question: Find the EAR in each of the following cases (Use 3…

Find the EAR in each of the following cases (Use 365 days a year. 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)
8.4 % Quarterly %
17.4 Monthly
13.4 Daily
10.4 Infinite