Question
 
 
Stated Rate (APR) Number of Times Compounded Effective Rate (EAR)
12.00 % Quarterly   %
14.00 % Monthly   %
18.00 % Daily   %
14.00 % 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.)

 

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