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Posted on Jun 22, 2024

You have found three investment choices for a one-year deposit: 10.0 % APR compounded monthly, 10.0 % APR compounded annually, and 9.0 % APR compounded

You have found three investment choices for a one-year deposit: 10.0 %

APR compounded monthly, 10.0 %

APR compounded annually, and 9.0 %

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 three decimal places.)

The EAR for the second investment choice is

%.

(Round to three decimal places.)

The EAR for the third investment choice is

%.

(Round to three decimal places.)

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