Find the apr or stated rate in each of the following cases, Ask an Expert

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Find the APR, or stated rate, in each of the following cases. (Use 365 days in a year. Enter rounded answers as directed, but do not use rounded numbers in 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) %

Semiannually 16.50 %

Monthly 12.50

Weekly 8.50

Daily 6.50

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