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 Compounded | Effective Rate (EAR) | ||
% | Semiannually | 13.75 | % | |
Monthly | 9.75 | |||
Weekly | 11.25 | |||
Daily | 9.25 |
APR = m[(1 + EAR)1/m – 1]
APR = 2[(1.1375)1/2 – 1] = 0.1331 or 13.31%
APR = 12[(1.0975)1/12 – 1] = 0.0934 or 9.34%
APR = 52[(1.1125)1/52 – 1] = 0.1067 or 10.67%
APR = 365[(1.0925)1/365 – 1] = 0.0885 or 8.85%
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.): 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. (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.) HW: Chapter 5 (5.3 & 5.4) i Saved Find the EAR 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.) Effective Rate (EAR) points...
Find the EAR 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)10.50%Quarterly%15.50%Monthly%16.50%Daily%12.50%Semiannually%
Find the EAR 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 Compounded Effective Rate (EAR) 8.25 % Quarterly % 17.75 Monthly % 14.25 Daily % 10.25 Semiannually %
A walk through via a calculator or excel would be greatly appreciated! 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.) Effective Rate Number of Times Compounded Semiannually Monthly Weekly Daily Stated Rate (APR) (EAR) 15.50% % 11.50 % 9.50 7.50
1) 2) 3) Find the EAR 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.) Number of Times Compounded Stated Rate (APR) 11 .25% 14.75 17.25 13.25 Effective Rate (EAR) Quarterly Monthly Daily Semiannually