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

You have found three investment choices for a one-year deposit. 11.6% APR compounded monthly, 11.6% APR compounded annually, and 10.9% APR compounded daily. Compt 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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