Question: Problem 6-12 Calculating EAR (LO4] Find the EAR in each of the following cases: (Use 365 days a year. Do not round intermediate calculations and

Problem 6-12 Calculating EAR (LO4] Find the EAR in each of

Problem 6-12 Calculating EAR (LO4] Find the EAR in each of the following cases: (Use 365 days a year. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Stated Rate (APR) 8.6 % Answer is not complete. Number of Times Effective Rate Compounded (EAR) Quarterly 8.88 % Monthly Daily Infinite 17.6 13.6 10.6

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