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Find the EAR for Daily, Weekly, Quarterly, SemiAnnually and Annually Periodic interest rates. You have a savings account in which you leave the funds for

image text in transcribedFind the EAR for Daily, Weekly, Quarterly, SemiAnnually and Annually

Periodic interest rates. You have a savings account in which you leave the funds for one year without adding to or withdrawing from the account. Which would you rather have: a daily compounded rate of 0.050%, a weekly compounded rate of 0.325%, a monthly compounded rate of 1.45%, a quarterly compounded rater of 3.75%, a semiannually compounded rate of 8%, or an annually compounded rate of 18%? What is the effective annual rate (EAR) of a daily compounded rate of 0.050%? % (Round to two decimal places.)

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