PART C

You have found three investment choices for a one-year deposit:

9.9%

APR compounded monthly,

9.9%

APR compounded annually, and

9.3%

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.)

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Part 1

The EAR for the first investment choice is

enter your response here%.

(Round to three decimal places.)

Part 2

The EAR for the second investment choice is

enter your response here%.

(Round to three decimal places.)

Part 3

The EAR for the third investment choice is

enter your response here%.

(Round to three decimal places.)