Question

An investment having a 7.25% effective annual rate EAR has what APR? Assume monthly compounding. Enter...

An investment having a 7.25% effective annual rate EAR has what APR? Assume monthly compounding. Enter your answer in decimal form!! NOT percent. Use 4 decimal places, to nearest .0001.

Homework Answers

Answer #1

Calculations-

Please upvote if the ans is helpful.In case of doubt,do comment.Thanks.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Find the APR, or stated rate, for an effective rate (EAR) of 12.7 percent compounded monthly....
Find the APR, or stated rate, for an effective rate (EAR) of 12.7 percent compounded monthly. (Enter your answer as a percentage, omit the "%" sign in your response, and round your answer to 2 decimal places. For example, 0.12345 or 12.345% should be entered as 12.35.)
8. A given rate is quoted as 12% APR, but has an effective annual rate (EAR)...
8. A given rate is quoted as 12% APR, but has an effective annual rate (EAR) of 12.55%. What is the frequency of compounding during the year? a. Annually b. Semiannually c. Quarterly d. Monthly e. Daily
6. Given a monthly rate of 0.5%, what is the effective annual rate (EAR)? What is...
6. Given a monthly rate of 0.5%, what is the effective annual rate (EAR)? What is the Annual percentage Rate (APR)?
The effective annual rate (EAR) for a loan with stated APR of 6% compounded monthly is...
The effective annual rate (EAR) for a loan with stated APR of 6% compounded monthly is closed to: A. 6.72% B. 6.00% C. 6.66% D. 6.17%
Find the APR, or stated rate, for an effective rate (EAR) of 17.4 percent compounded continuously....
Find the APR, or stated rate, for an effective rate (EAR) of 17.4 percent compounded continuously. (Enter your answer as a percentage, omit the "%" sign in your response, and round your answer to 2 decimal places. For example, 0.12345 or 12.345% should be entered as 12.35.)
Given an Annual Percentage Rate (APR), the _________ frequent the compounding periods, the __________ the Effective...
Given an Annual Percentage Rate (APR), the _________ frequent the compounding periods, the __________ the Effective Annual Rate (EAR). more, higher The relationship cannot be determined. more, lower less, highe
Given an Annual Percentage Rate (APR), the _________ frequent the compounding periods, the __________ the Effective...
Given an Annual Percentage Rate (APR), the _________ frequent the compounding periods, the __________ the Effective Annual Rate (EAR). less, higher The relationship cannot be determined. more, lower more, higher
Which of the following statements about annual percentage rate (APR) and effective annual rate (EAR) are...
Which of the following statements about annual percentage rate (APR) and effective annual rate (EAR) are not true? 1-The annual percentage rate (APR) is considered a more accurate measurement of what you will actually pay. 2-Lenders are legally required to show potential borrowers the effective annual rate (EAR) on any loan offered. 3-The difference between APR and EAR is not that large. 4-None of the above are untrue statements.
A loan is offered with monthly payments and a 15.00 percent APR. what's the loans effective...
A loan is offered with monthly payments and a 15.00 percent APR. what's the loans effective annual rate? (EAR)? do not round intermediate calculations and round your final answer to 2 decimal places.
Find the effective annual interest rate or annual percentage rate for each case: APR Compounding period...
Find the effective annual interest rate or annual percentage rate for each case: APR Compounding period Number of compounding periods EAR Case : A 9% 1 month 12 ? Case : B 6% 3 months 4 ? Case : C ? 4 months 3 12.4864% Case : D ? 6 months 2 10.25%