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You have found three investment choices for a one - year deposit: 1 0 . 9 % APR compounded monthly, 1 0 . 9 %

You have found three investment choices for a one-year deposit: 10.9% APR compounded monthly, 10.9% APR compounded annually, and 10.1% 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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