Find the APR, or stated rate, in each of the following cases (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.): Find the APR, or stated rate, in each of the following cases (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.): Solution APR = p*[(EAR+1)^(1/p) - 1] Where \"p\" is compounding periods 1. When EAR = 12.5% Semiannualy APR = 2*[(0.125+1)^(1/2)-1] = 0.1213 = 12.13% 2. When EAR = 13.4% Monthly APR = 12*[(0.134+1)^(1/12)-1] = 0.1264 = 12.64% 3. When EAR = 11.1% Weekly (52 Weeks in a year) APR =52*[(0.111+1)^(1/52)-1] = 0.1054 = 10.54% 4. When EAR = 14.8% Infinite (all 365 days of a year) APR =365*[(0.148+1)^(1/365)-1] = 0.13805 = 13.81%.