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You have found three investment choices for a one-year deposit: 9.5% APR compounded monthly, 9.5% APR compounded annually, and 8.6% APR compounded daily. Compute the
You have found three investment choices for a one-year deposit: 9.5% APR compounded monthly, 9.5% APR compounded annually, and 8.6% 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.)
APR compounded moth, 9 5% EAR for each iestment choic You have unc hree r es mem choices for ons ear deposit 9 5% A APR compounded annual and B 5% A compoundec d v Como te he A for each n es ment choice u ss me hat er are are 366 days in the year.) (Nose. Be caneful netto days n he ear. No e Bo careful no to ound an n er edste steps less than socStep by Step Solution
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