+8 Find the APR, or stated rate, in each of the following cases (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)): Stated Rate (APR) Number of Times Compounded Effective Rate (EAR) % Semiannually 12.3 % Monthly 13.2 Weekly 10.9 Infinite 14.6
Your question isn't very clear to me! So, I'm going ro make some assumptions:
My assumtion is that your stated rates are "Effective Annual Rates" and you want the equivalent " Nominal Rates" or what you call "APR or stated rate". That out of the way, then we have:
1)EAR of 12.3% comp. semi-annually =11.94% APR, or Nominal Annual Rate.
2)EAR of 13.2% comp. monthly =12.46% APR, or Nominal Annual Rate.
3)EAR of 10.9% comp. weekly =10.36% APR, or Nominal Annual Rate.
4)EAR of 14.6% comp. continuously=13.63% APR, or Nominal Annual Rate.
