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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 oneyear deposit: APR compounded monthly, APR compounded annually, and APR compounded daily. Compute the EAR for each investment choice. Assume that there are 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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