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show me how to get both answers using the BAII plus financial calculator You have found three investment choices for a one-year deposit: 11.4% APR
show me how to get both answers using the BAII plus financial calculator
You have found three investment choices for a one-year deposit: 11.4% APR compounded monthly, 11.4% APR compounded annually, and 10.8% 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.) Click the icon to see the Worked Solution (Formula Solution). 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.) TharEAR for the third investment choice is 11.40%. (Round to three decimal places.)Step by Step Solution
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