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Compute the EAR for each investment choice

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Reference no: EM132933349

Problem - You have found three investment choices for a one-year deposit: 10% APR compounded monthly, 12% APR compounded annually, and 8% APR compounded daily. Compute the EAR for each investment choice. (Assume that there are 365 days in the year.)

Reference no: EM132933349

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