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You have found three investment choices for a one-yoar deposit: 11.3% APR compounded monthly, 11.3% APR compoundod annually, and 10.8% APR compounded daly. Campule the

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You have found three investment choices for a one-yoar deposit: 11.3% APR compounded monthly, 11.3\% APR compoundod annually, and 10.8% APR compounded daly. Campule the EAR for each investment choice. (Assume that there are 38S days in the yoar.) (Note: Bo carefur not to round any intemediate stups hess than six deeimad places) The EAR for the first investment chaioe is 6. (Round to three decimal places) Suppose Capital One is advertising a 60-month, 5.88% APR motorcycle loan. If you need to borrow $8,400 to purchase your dream Harley -Davidvon, what will be your monthly perment? (Nhte Ae carefdi not fo round any intermediate steps less than six decimal places) Your monthly payment will be! (Round to the nearest cent.)

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