Given an EAR of 7.2 percent and quarterly compounding, calculate the APR.
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- Find the effective rate corresponding to the given nominal rate. (Use a 365-day year.) 6%/year compounded semiannually ____ %/year1.2) APR, or stated rate, in each of the following cases: Stated rate (APR) Number of Times Compounded Effective rate (EAR) Semiannually 14.2% Monthly 18.4% Weekly 11.1% Infinite 8.9% A) Calculate the APR.What excell formula is used to determine APR when given present value and future value. It has to be determined for one year when compounded (1) semiannually and (2) monthly
- If the monthly rate is 6.08 %, what is the APR? Enter your answer using percent expression with two decimal places.Given a monthly rate of 1%, the Annual Percentage Rate (APR) is ______ and the Effective Annual Rate (EAR)is ______. A. 12%; 12.33% B. 12%; 12.68% C. 12.33%; 12% D. 12.68%; 12%If effective annual rate is 20%, calculate annual percentage rate, compounded monthly. If the answer is 10.4567%, write 0.1046.
- What is the effective annual rate (EAR) for an APR of 10.90 percent compounded quarterly?What is the effective annual rate for an APR of 15.70 percent compounded monthly?Find the effective annual rate for an investment that pays APR of 4.5% with Annual compounding Quarterly compounding Monthly compounding
- What is the APY (effective rate) for 16% APR compounded quarterly? Round to hundredths.scheduled payments of 400$ due now and 700$ due in five months are to be settled by payment of 500$ in three months and final payment in 8 months. determine the amount of the final payment at 6% p.a, using 8 months from now as fhthe focal dateWhich 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