Find the EAR in each of the following cases.Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Use365 days in a year.Number of TimesStated Rate (APR)CompoundedEffective Rate(EAR)9.75 %Quarterly%16.25 %Monthly%15.75 %Daily%11.75 %Semiannually%

An effective annual rate of interest or E.A.R. is the interest which is earned in real times over a…

Answered: Find the EAR in each of the following…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Complete the following, using ordinary interest. (Use Days in a year table.) Note: Do not round intermediate calculations. Round the "Interest" and "Maturity value" to the nearest cent. Principal interest rate date borrowed date repaid exact time interest maturity value $1,500 12% May 15 January 16
Complete without using table: (Round the "Total Amount" and "Total Interest" to the nearest cent.) Principal Time Rate of Compound When Compounded # of Periods to be Compounded Total Amount Total Interest $1,500 1 year 12% Quarterly
Find the EAR in each of the following cases. Note: 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. Number of Times Compounded Stated Rate (APR) 10.00 % 16.00 % 16.00 % 12.00% Semiannually Quarterly Monthly Daily Effective Rate (EAR) % % % %
Find the APR, or stated rate, in each of the following cases. Note: 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. *From a previous question, i learned that I should use APR=[(1+EAR)1/m-1]*m, but im still not getting the correct answer. I dont think im following the correct steps to solve the equation properly.
I could use some help with this problem from my study guide specificly on annual interest rate and total interest thank you The following are data on three promissory notes.Determine the missing amounts. (Round answers to 0 decimal places, e.g. 5,275. Use 360 days for calculation.) Date of Note Terms MaturityDate Principal AnnualInterest Rate TotalInterest (a) April 1 60 days select a maturity date May 30May 31June 1July 31August 1August 2August 3September 6September 7September 8 $716,400 5 % $enter a dollar amount (b) July 2 30 days select a maturity date May 30May 31June 1July 31August 1August 2August 3September 6September 7September 8 90,000 enter percentages % $600 (c) March 7 6 months select a maturity date May 30May 31June 1July 31August…
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 Semiannually Monthly Weekly Infinite Effective Rate (EAR) 12.2% 13.1 10.8 14.5
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.) Stated Rate (APR) % Number of Times Compounded Semiannually Monthly Weekly Infinite Effective Rate (EAR) 12.1% 13.0 10.7 14.4
Which one of the following has the highest effective annual rate?A. 6 percent compounded monthly.B. 6 percent compounded quarterly.C. 6 percent compounded semiannually
Find the APR, or stated rate, in each of the following cases. Note: 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 % Semiannually % Monthly % Weekly % Daily Effective Rate (EAR) 12.50 % 8.50 % 12.50 % 10.50 %
Find the APR, or stated rate, in each of the following cases. Note: 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. Number of Times Compounded Semiannually Stated Rate (APR) % % Monthly % Weekly % Daily Effective Rate (EAR) 13.75 % 9.75 % 11.25 % 9.25 %
Using either logarithms or a graphing calculator, find the time required for the initial amount to be at least equal to the final amount. $7000, deposited at 7% compounded quarterly, to reach at least $8000 The time required is year(s). (Type an integer or decimal rounded up to the next quarter.)
What semiannually compounded rate is equivalent to 6% compounded: a. Annually? (Do not round the intermediate calculations. Round your answer to 2 decimal places.) Compounded rate 5.91 % b. Quarterly? (Do not round the intermediate calculations. Round your answer to 2 decimal places.) Compounded rate 6.04 % c. Monthly? (Do not round the intermediate calculations. Round your answer to 2 decimal places.) Compounded rate 6.061 %

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