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 0.045%, a weekly compounded rate of 0.355%, a monthly compounded rate of 1.15%, a quarterly compounded rater of 4.25%, a semiannually compounded rate of 7%, or an annually compounded rate of 18%? What is the effective annual rate (EAR) of a daily compounded rate of 0.045%? % (Round to two decimal places.)