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Sagot :
Answer and Explanation:
The computation is as follows:
The following is the formula for the annual percentage rate
Annual percentage rate = m × [(1 + effective annual rate)1 ÷ m - 1]
where,
m = compounding period
For Semiannually
APR = 2× [(1.1123)^1 ÷ 2 - 1]
= 11.94%
For monthly
APR = 12 × [(1.132)^1 ÷ 12 - 1]
= 12.46%
For weekly
APR = 52 × [(1.109)^1 ÷ 52 - 1]
= 10.36%
For infinite
APR = ln(1 + 0.0146)
= 13.63%
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