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You have found three investment choices for a one - year deposit: 1 0 . 6 % APR compounded monthly, 1 0 . 6 %

You have found three investment choices for a one-year deposit: 10.6% APR compounded monthly, 10.6% APR compounded annually, and 9.8% 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.)
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Part 1
The EAR for the first investment choice is
enter your response here%.(Round to two decimal places.)

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