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You have found three investment choices for a one year deposit 9 APR compounded monthly 10 APR compounded annually and 8 APR compounded daily Compute the EAR for each investment choice

You have found three investment choices for a one-year deposit: 9% APR compounded monthly, 10% APR compounded annually, and 8% APR compounded daily. Compute the EAR for each investment choice. (Assume that there are 365 days in the year.)

Jun 06 2021 View more View Less

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