a). Effective annual rate = 6%
So, APR = n*((1+EAR)^(1/n) - 1)
needed, APR compounded semiannually, so here, n = 2
So, APR = 2*((1.06^(1/2)) - 1) = 5.91%
b). Effective annual rate = 6%
So, APR = n*((1+EAR)^(1/n) - 1)
needed, APR compounded monthly, so here, n = 12
So, APR = 12*((1.06^(1/12)) - 1) = 5.84%
c). Effective annual rate = 10%
So, APR = n*((1+EAR)^(1/n) - 1)
needed, APR compounded weekly, so here, n = 52
So, APR = 52*((1.10^(1/52)) - 1) = 9.54%
d). Effective annual rate = 13%
For APR compounded continously,
APR = ln(1+EAR)
So, APR = ln(1.13) = 12.22%
Find the APR, or stated rate, in each of the following cases: a. An effective interest...
2. Find the APR, or stated rate, in each of the following cases: Stated Rate (APR) Number of Times Compounded Effective Rate (EAR) Semiannually Monthly Weekly Infinite 9.8% 19.6 8.3 14.2
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.): Stated Rate (APR)Number of Times CompoundedEffective Rate (EAR)%Semiannually 11.4%Monthly12.3Weekly10.0Infinite13.7
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.) Stated Rate (APR)Number of Times CompoundedEffective Rate (EAR)%Semiannually13.75%Monthly9.75Weekly11.25Daily9.25
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.): Stated Rate (APR)Number of Times CompoundedEffective Rate (EAR)%Semiannually11.1%Monthly19.6Weekly10.5Infinite8.4
Find the APR, or stated rate, in each of the following cases (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) % Semiannually 11.0 % Monthly 11.9 Weekly 9.6 Infinite 13.3
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.): Stated Rate (APR) Number of Times Compounded Effective Rate (EAR) % Semiannually 12.2 % Monthly 13.1 Weekly 10.8 Infinite 14.5
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.): Stated Rate (APR) % Number of Times Compounded Semiannually Monthly Weekly Infinite Effective Rate (EAR) 11.0 % 11.9 9.6 13.3
Find the EAR in each of the following cases Stated Rate (APR) Number of Times Compounded Effective Rate (EAR) 11.50 % Quarterly % 14.50 % Monthly % 17.50 % Daily % 13.50 % Semiannually %
Problem 5-60 Effective Interest Rate (L04) Find the APR (the stated interest rate) for each case. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) APR Effective Annual Compounding Interest Rate Period 16.77 % 1 month 7.12 6 months 10.38 3 months % % % Lenny Loanshark charges “1.03 points" per week (that is, 1.03% per week) on his loans. What APR must he report to consumers? Assume exactly 52 weeks in a...
10.00 points Find the EAR in each of the following cases. (Do not round Intermediate calculations and enter your answers rounded to 2 decimal places, ... 32.16. Use 365 days in a year) Effective Rate EAR) Stated Rate (APR) 12.75% 1325 18.75 14.75 Nur ber of Times Compounded Quarterly Monthly Semiannually References eBook & Resources Worksheet Learning Objective: 06-01 Explain how D uty: 1 Basic Section: B 3 Comparing Rates: The Elect of Compounding Paroda.