Question

Find the APR, or stated rate, in each of the following
cases |

Stated Rate (APR) | Number of Times Compounded |
Effective Rate (EAR) | |||

% | Semiannually | 14 | |||

% | Monthly | 9 | |||

% | Weekly | 8 | |||

% | Daily | 13 |

Answer #1

EAR = |
( 1 + r /n)^{n} - 1 |

Compounded Semi-anually | |

EAR = |
( 1 + r /n)^{n} - 1 |

14% = | ( 1 + x%/2)^2 - 1 |

x = | 13.54% |

Compounded Monthly | |

EAR = |
( 1 + r /n)^{n} - 1 |

9% = | ( 1 + x%/12)^12 - 1 |

x = | 8.65% |

Compounded Weekly | |

EAR = |
( 1 + r /n)^{n} - 1 |

8% = | ( 1 + x%/52)^52 - 1 |

x = | 7.70% |

Compounded Daily | |

EAR = |
( 1 + r /n)^{n} - 1 |

13% = | ( 1 + x%/365)^365 - 1 |

x = | 12.22% |

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
14.50
%
%
Monthly
10.50
%
Weekly
10.50
%
Daily
8.50

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
13.50
%
%
Monthly
9.50
%
Weekly
11.50
%
Daily
9.50

Find the EAR in each of the following cases (Use 365
days a year. 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)
9.4
%
Quarterly
%
18.4
Monthly
14.4
Daily
11.4
Infinite

Find the EAR in each of the following cases (Use 365
days a year. 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)
8.0
%
Quarterly
%
17.0
Monthly
13.0
Daily
10.0
Infinite

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
12.4
%
Monthly
13.3
Weekly
11.0
Infinite
14.7

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
10.50%
Monthly
11.4
Weekly
9.1
Infinite
12.8

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
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. 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
12.1
%
Monthly
13.0
Weekly
10.7
Infinite
14.4

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
10.6
%
Monthly
11.5
Weekly
9.2
Infinite
12.9

Find the EAR in each of the following cases (Use 365 days a
year. 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 Compunded
Effective Rate (EAR)
8.4%
Quarterly
17.4
Monthly
13.4
Daily
10.4
Infinite

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