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You have found three investment choices for a one-year deposit: 9.7% APR compounded monthly, 9.7% APR compounded annually, and 8.8% APR compounded daily. Compute the

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

9.7% APR compounded monthly,

9.7% APR compounded annually, and

8.8% 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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