Question
You have found three investment choices for one year deposit: 9.5% APR compounded monthly, 9.5% APR compounded annually and 8.8% APR compounded daily ((365) days.
You have found three investment choices for one year deposit: 9.5% APR compounded monthly, 9.5% APR compounded annually and 8.8% APR compounded daily ((365) days. Compute the EAR for each investment choice.
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International Financial Management
Authors: Geert Bekaert, Robert J. Hodrick
1st Edition
0131163604, 9780131163607
