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

You have found three investment choices for aone-year deposit:10% APR compoundedmonthly, 9% APR compoundedannually, and 10% 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 what %?

(Round to three decimalplaces.)

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