1) You have found three investment choices for a one-year deposit: 9.1% APR compounded monthly, 9.1% APR compounded annually, and 8.4% APR compounded daily. Compute the EAR for each investment choice. (Assume that there are 365 days in the year.) (Note: Be careful not to round any intermediate steps less than six decimal places.) The EAR for the first investment choice is.(Round to three decimal places.) The EAR for the second investment choice is(Round to three decimal places.) The EAR for the third investment choice is(Round to three decimal places.)

2) If the rate of inflation is 5.2%, what nominal interest rate is necessary for you to earn a 3% real interest rate on your investment? The nominal interest rate is.(Round to two decimal places.)