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P 5-8 (similar to) :Question Help You have found three investment choices for a one-year deposit: 9.8% APR compounded monthly, 9.8% APR compounded annually, and

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P 5-8 (similar to) :Question Help You have found three investment choices for a one-year deposit: 9.8% APR compounded monthly, 9.8% APR compounded annually, and 9.2% 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.)

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