You have found three investment choices for a one-year deposit:9.4% APR compounded monthly, 9.4% APR compounded annually, and 8.6% 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.)   The EAR for the first investment choice is _%   The EAR for the second investment choice is _% The EAR for the third investment choice is _%

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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You have found three investment choices for a one-year deposit:9.4% APR compounded monthly, 9.4% APR compounded annually, and 8.6% 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.)

 

The EAR for the first investment choice is _%

 

The EAR for the second investment choice is _%

The EAR for the third investment choice is _%

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