You have found three investment choices for a one-year deposit: 12% APR compounded monthly, 11% APR compounded annually, and 9% APR compounded daily. Compute the EAR for each investment choice. (Assume that there are 365 days in the year.)

A) For the case of APR compounded monthly the EAR is

B) Part 2 For the case of APR compounded annually the EAR is

C) Part 3 For the case of APR compounded daily the EAR is