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Compute the ear for each investment choice

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

For the case of 10% APR compounded monthly the EAR is what %?

Reference no: EM131581000

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