Calculate the EAR given the stated APR and compounding period:
Stated Rate (APR, pct) | Compounding Period | EAR |
6 | quarterly | ? |
A. 6.136 %
B. 6.090 %
C. 5.870 %
EAR=[(1+APR/m)^m]-1
where m=compounding periods
=[(1+0.06/4)^4]-1
=6.136%(Approx).
Calculate the EAR given the stated APR and compounding period: Stated Rate (APR, pct) Compounding Period...
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