In: Finance
ind the EAR in each of the following cases: (Use 365 days a year. Do not round intermediate calculations. Round the final answers to 2 decimal places.)
Stated Rate (APR) | Number of Times Compounded | Effective Rate (EAR) | |||||||
10.1 | % | Quarterly | % | ||||||
19.1 | Monthly | ||||||||
15.1 | Daily | ||||||||
12.1 | Infinite | ||||||||