# Question: Find the EAR in each of the following cases (Use 365 days a year. Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)):

Find the EAR in each of the following cases **(Use 365 days a year. Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16))**:

Stated Rate (APR) | Number of Times Compounded | Effective Rate (EAR) | |||||||

8.3 | % | Quarterly | % | ||||||

17.3 | Monthly | ||||||||

13.3 | Daily | ||||||||

10.3 | Infinite |

## Expert Chegg Question Answer:

Answer:

Faq:*** how can I solve this using excel? You can use EFFECT function on excel. For example: In case of 8.3% APR, quarterly compounding, type =effect(8.3%,4) in excel workbook.