6. You have found three investment choices for a one-year deposit: 10% APR com- pounded monthly, 10%

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6. You have found three investment choices for a one-year deposit: 10% APR com- pounded monthly, 10% APR compounded annually, and 9% APR compounded daily. Compute the EAR for each investment choice. (Assume that there are 365 days in the year.)

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Fundamentals Of Corporate Finance

ISBN: 9781292018409

3rd Global Edition

Authors: Berk, Peter DeMarzo, Jarrad Harford

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