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1. You have found three investment choices for a one-year deposit: 10% APR compounded monthly, 12% APR compounded annually, and 10% APR compounded daily. Compute

1. You have found three investment choices for a one-year deposit: 10% APR compounded monthly, 12% APR compounded annually, and 10% APR compounded daily. Compute the EAR for each investment choice. (Assume that there are 365 days in the year.)

For the case of 10% APR compounded monthly the EAR is %. (Round to three decimal places.)

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