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You have found three investment choices for a​ one-year deposit: 11.1 % APR compounded​ monthly, 11.1 %APR compounded​ annually, and 10.6 %APR compounded daily. Compute the EAR for each

You have found three investment choices for a​ one-year deposit: 11.1 % APR compounded​ monthly, 11.1 %APR compounded​ annually, and 10.6 %APR compounded daily. Compute the EAR for each investment choice.​ (Assume that there are 365 days in the​ year.) ​(Note: Be careful not to round any intermediate steps less than six decimal​ places.)

Jun 26 2021 View more View Less

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