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