Question: Explain with formula please Find the APR, or stated rate, in each of the following cases. (Do not round intermediate calculations and enter your answers

Explain with formula please

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. Use 365 days in a year.) Effective Rate Stated Rate (APR) Number of Times Compounded (EAR) % Semiannually 13.25 % % Monthly 9.25 % % Weekly 11.75 % % Daily 9.75 %

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