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1) You have found three investment choices for a one-year deposit: 11% APR compounded monthly, 9% APR compounded annually, and 8% APR compounded daily. Comput

1) You have found three investment choices for a one-year deposit: 11% APR compounded monthly, 9% APR compounded annually, and 8% APR compounded daily. Comput the EAR for each investment choice. (Assume that there are 365 days in the year)

For the case of 11% APR compunded monthly the EAR is ______% (round 3 decimal places)

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