you must include all calculations

es NEW B T Uabe X2 X A- Styles Styles Pane 29 Create and Share Reg Adobe PDF Signs ALLALA CHECK YOU MUST INDICATE IN DETAIL THE MATHEMATICAL CALCULATIONS REQUIRED TO DERIVE YOUR SOLUTIONS. THIS MEANS THAT, AT A MINIMUM, YOU MUST: CORRECTLY SET UP THE PROBLEM; SHOW ALL INTERMEDIATE ALGEBRAIC STEPS (IF ANY ARE REQUIRED); AND; SHOW ALL INTERMEDIATE CALCULATIONS PRIOR TO YOUR FINAL ANSWE ALL ANSWERS IN THE FORM OF A PERCENT MUST BE CORRECTLY ROUNDED TO THE NEAREST.01% AND ALL ANSWERS IN THE FORM OF A DOLLAR VALUE MUST BE CORRECTLY ROUNDED TO THE NEAREST $.01 1. [10 POINTS] Calculate the APR for the following: Number of times compounded (that is, compounding frequency): Monthly Effective Annual Rate (EAR): 9.7% es NEW B T Uabe X2 X A- Styles Styles Pane 29 Create and Share Reg Adobe PDF Signs ALLALA CHECK YOU MUST INDICATE IN DETAIL THE MATHEMATICAL CALCULATIONS REQUIRED TO DERIVE YOUR SOLUTIONS. THIS MEANS THAT, AT A MINIMUM, YOU MUST: CORRECTLY SET UP THE PROBLEM; SHOW ALL INTERMEDIATE ALGEBRAIC STEPS (IF ANY ARE REQUIRED); AND; SHOW ALL INTERMEDIATE CALCULATIONS PRIOR TO YOUR FINAL ANSWE ALL ANSWERS IN THE FORM OF A PERCENT MUST BE CORRECTLY ROUNDED TO THE NEAREST.01% AND ALL ANSWERS IN THE FORM OF A DOLLAR VALUE MUST BE CORRECTLY ROUNDED TO THE NEAREST $.01 1. [10 POINTS] Calculate the APR for the following: Number of times compounded (that is, compounding frequency): Monthly Effective Annual Rate (EAR): 9.7%