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You have found three investment choices for aone-year deposit: 10% APR compoundedmonthly,9% APR compounded annually, and 9% APR compounded daily. Compute the EAR for each

You have found three investment choices for aone-year deposit: 10% APR compoundedmonthly,9% APR compounded annually, and 9% APR compounded daily. Compute the EAR for each investment choice.

(Assume that there are 365 days in theyear.)

For the case of 10% APR compounded monthly the EAR is

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