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2 . 3 You have found three investment choices for a 1 - year deposit: 4 % APR compounded monthly, 4 % APR compounded annually,

2.3
You have found three investment choices for a 1-year deposit: 4% APR compounded monthly, 4% APR compounded annually, and 3% APR compounded daily. Compute the EAR for each investment choice. (Assume that there are 365 days in the year.)
For the case of 4% APR compounded monthly, the EAR is %.(Round to three decimal places.)
For the case of 4% APR compounded annually, the EAR is %(Round to three decimal places.)
For the case of 3% APR compounded daily, the EAR is %.(Round to three decimal places.)
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