8. You have found three investment choices for a one-year deposit: 10% APR compounded monthly, 10% APR

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8. You have found three investment choices for a one-year deposit: 10% APR compounded 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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