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You have found three investment choices for a one - year deposit: 1 1 . 2 % APR compounded monthly, 1 1 . 2 %

You have found three investment choices for a one-year deposit: 11.2% APR compounded monthly, 11.2% APR compounded annually, and 10.6% 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.)
The EAR for the first investment choice is
%.(Round to two decimal places.)
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