Stated Rate (APR) % % % % Number of Times Compounded Semiannually Monthly Weekly Daily Effective Rate (EAR) 13.00 9.00 12.00 10.00 % % % de %

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter6: Receivables And Inventories
Section: Chapter Questions
Problem 6.2MBA: Allowance method Using transactions listed in £6-S. indicate the effects of each transaction on the...
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Find the APR, or stated rate, in each of the following cases.

Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Use 365 days in a year.

 

*From a previous question, i learned that I should use APR=[(1+EAR)1/m-1]*m, but im still not getting the correct answer. I dont think im following the correct steps to solve the equation properly.  

Stated Rate (APR)
%
%
%
%
Number of Times
Compounded
Semiannually
Monthly
Weekly
Daily
Effective Rate
(EAR)
13.00
9.00
12.00
10.00
%
%
%
%
Transcribed Image Text:Stated Rate (APR) % % % % Number of Times Compounded Semiannually Monthly Weekly Daily Effective Rate (EAR) 13.00 9.00 12.00 10.00 % % % %
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