Stated rate apr number of times compounded effective rate, Financial Management

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Stated rate apr number of times compounded effective rate

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)

8.7 % Quarterly %

17.7 Monthly

13.7 Daily

10.7 Infinite

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Financial Management: Stated rate apr number of times compounded effective rate

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