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Chapter 5 1. You have found three investment choices for a one-year deposit: 8% APR compounded monthly, 10% APR compounded annually, and 8% APR compounded

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Chapter 5 1. You have found three investment choices for a one-year deposit: 8% APR compounded monthly, 10\% APR compounded annually, and 8% APR compounded daily. Compute the EAR for each investment choice. (Assume that there are 365 days in the year.)

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