If the EAR= 6.25 percent, and there are 115 compounding periods per year, what is the APR (in percent)? Answer to two decimals.

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
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If the EAR= 6.25 percent, and there are 115 compounding
periods per year, what is the APR (in percent)? Answer to two
decimals.
Transcribed Image Text:If the EAR= 6.25 percent, and there are 115 compounding periods per year, what is the APR (in percent)? Answer to two decimals.
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