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Question

Connect × M MLK Holiday-jwilson14 × L Recent-Google Drive × Untitled document-Go x e Accounting question I c , C0 https://newconnect.mheducation.com/flow/connect.html Apps D PowerTeacherMisc D AP GovernmentSt co D Work l Schedule Access Gmail % Mustang Public Schc D MACU Music e Final Cut Pro X102E D ASOIAF Human Geo #general 99 Talk Simple Team C D Library Chapter 4 Problems Help Save & Exit Submit Saved Check my work 4 Find the EAR in each of the following cases: (Assume 365 days in 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) 1 0% 19 15 12 Quarterly Monthly Daily Infinite 10 points eBook Print References Mc Graw Hill Prev 4 of 6 Next > Education

Explanation / Answer

1 EAR =(1+(0.1/4))^4-1= 10.38% 2 EAR =(1+(0.19/12))^12-1= 20.75% 3 EAR =(1+(0.15/365))^365-1= 16.18% 4 EAR =e^12%-1= 12.75%

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