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You have found three investment choices for a one-year deposit: what is 12% APR compounded monthly, 11% APR compounded annually, and 8% APR compounded daily.

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

12% APR compounded monthly,

11% APR compounded annually, and

8% APR compounded daily. Compute the EAR for each investment choice. (Assume that there are 365 days in theyear.)

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