Answer and Explanation:
The annual percentage rate or stated rate is as follows;
Effective annual rate = [1 + (Annual percentage rate ÷ compounding period )]^compounding period - 1
Annual percentage rate
= 2[(1.119)1 ÷ 2 - 1]
= 11.57%
Annual percentage rate is
= 12 [(1.128)1 ÷ 12 - 1]
= 12.11%
Annual percentage rate
= 52[(1.105)1 ÷ 52 - 1]=
= 9.99%
Annual percentage rate
= 365[(1.142)1 ÷ 365 - 1]
= 13.28%
