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You have found three investment choices for a one-year deposit: 11.3 % APR compounded monthly, 11.3 % APR compounded annually, and 10.6 % APR compounded

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

11.3 %

APR compounded monthly,

11.3 %

APR compounded annually, and

10.6 %

APR compounded daily. Compute the EAR for each investment choice. (Assume that there are 365 days in the year.) The EAR for the first investment choice is ____%.

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