Answer:
% Semiannually 13.75% ==> 14,22%
% Monthly 9.75
% ==> 10,20%
% Weekly 11.25% ==> 11,89%
% Daily 9.25% ==> 9,69%
Explanation:
The stated rate is also known as the annual interest rate. This is the percentage of the yearly return on the investment.
EAR = [ 1 + (APR/m)]^m -1
m = periods in one year
% Semiannually 13.75% a. [ 1 + (.1375/2)]^2 -1 1,068750 14,22%
% Monthly 9.75% a. [ 1 + (.0975/12)]^12 -1 1,008125 10,20%
% Weekly 11.25% a. [ 1 + (.1125/52)]^52 -1 1,002163 11,89%
% Daily 9.25% a. [ 1 + (.0925/365)]^365 - 1,000243 9,27%
