WAS Assessment Player Tool Financial man Flashcards | Quizlet Question 5 View Policies Current Attempt in Progress You are considering three alternative investments: Athree-year bank CD paying 7.88 percent compounded quarterly. Calculate effective annual interest rate (EAR)? (Round answer to 2 decimal places, e.s. 15.25%.) Effective annual rate % e Textbook and Media A three-year bank CD paying 7.68 percent compounded monthly. Calculate effective annual interest rate (EAR)? (Round answer to 2 decimal places, e.g. 15.25%.) Effective annual rate % A three-year bank CD paying 8.18 percent compounded annually. Calculate effective annual interest rate (EAR)? (Round answer to 2 decimal places, e.g. 15.25%.) Effective annual rate % eTextbook and Media Which of the above investments has the highest effective annual interest rate (EAR)? The three-year bank CD paying has the highest effective yield. e Textbook and Media