Q28

You have found three investment choices for a one-year deposit: 9.7% APR compounded monthly, 9.7% APR compounded annually, and 8.8% 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.) The EAR for the second investment choice is %. (Round to three decimal places.) The EAR for the third investment choice is %. (Round to three decimal places.)