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. Enter

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. 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)
	9.8	%		Quarterly	%
	18.8			Monthly
	14.8			Daily
	11.8			Infinite

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