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B D E F G C You have found three investment choices for a one-year deposit: 10% APR compounded monthly. 10% APR compounded annually, and 9% APR compounded daily. Compute the EAR for each investment choice. (Assume that there are 365 days in the year.) Complete the steps below using cell references to given data or previous calculations. In some cases, a simple cell reference is all you need. To copy/paste a formula across a row or down a column, an absolute cell reference or a mixed cell reference may be preferred. If a specific Excel function is to be used, the directions will specify the use of that function. Do not type in mumerical data into a cell or function. Instead, make a reference to the cell in which the data is found. Make your computations only in the blue cells highlighted below. In all cases, unless otherwise directed, use the earliest appearance of the data in your formulas, usually the Given Data section. 4 6 7 10% 12 8 APR (1) Compounding periods APR (2) Compounding periods APR (3) Compounding periods 9 10% 1 10 9% 365 12 13 14 EAR (1) EAR (2) EAR (3) 15 16 17 1 19 18 Requirements In cell D13, by using cell references, calculate the EAR corresponding to the first investment choice (1 pt.). 2 In cell D14, by using cell references, calculate the EAR corresponding to the second 20 investment choice (1 pt.). In cell D15, by using cell references, calculate the EAR corresponding to the third investment choice (1 pt.). 3 21 5-8