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You have found three investment choices for a one-year deposit: 9% APR compounded monthly, 11% APR compounded annually, and 10% APR compounded daily. Compute the
You have found three investment choices for a one-year deposit: 9% APR compounded monthly, 11% APR compounded annually, and 10% APR compounded daily. Compute the EAR for each investment choice. (Assume that there are 365 days in the year.) For the case of 9% APR compounded monthly the EAR is For the case of 11% APR compounded annually the EAR is For the case of 10% APR compounded daily the EAR is \%. (Round to three decimal places.) \%. (Round to three decimal places.) \%. (Round to three decimal places.)
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