You have a savings account in which you leave the funds for one year without adding to or withdrawing from the account. Which would you rather have: a daily compounded rate of 0.040%, a weekly compounded rate of 0.355%, a monthly compounded rate of 1.15%, a quarterly compounded rater of 4.00%, a semiannually compounded rate of 7.5% or an annually compounded rate of 14%?

1. What is (EAR) of a daily compounded rate of 0.040%? 3. what is the (EAR) of a monthly vompound rate of 1.15%?

2. what is the (EAR) of a weekly compound rate of 0.355%? 4. What is the (EAR) of a quarterly compound rate of 4.00%?

5. what is the (EAR) of a semiannually compund of 7.5%? 6. what is the (EAR) of a annualy rate of 14%?