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Question 2 Not yet answered Marked out of 5.00 Flag question Introduction to Financial Math (calculation) You visit the local bank and request rates

Question 2 Not yet answered Marked out of 5.00 Flag question Introduction to Financial Math (calculation) You visit the local bank and request rates on various term deposits. Below are details of the three options for one year term deposits: 1. 5.40% per annum compounding annually. The EAR of this deposit is 2. 5.30% per annum compounding monthly. The EAR of this deposit is 3. 5.20% per annum compounding daily. The EAR of this deposit is You should choose (Each blank filled correctly is worth 1 mark) because it has the EAR.

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