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Find the EAR in each of the following cases (Use 365 days a year. Do not...

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     
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Answer #1

For Infinite compounding, effective annual rate is mathematically represented as:

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