Question: In first line assume 3 times compounded In second line assume 9 times compounded 13. CALCULATING APR Find the APR, or stated rate, in each

In first line assume 3 times compounded In second line assume

In first line assume 3 times compounded

In second line assume 9 times compounded

13. CALCULATING APR Find the APR, or stated rate, in each of the following cases: Stated Rate (APR) Number of times compounded Effective Rate (EAR) 18.9% 1.3%

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