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