You have found three investment choices for a one-year deposit: 11.9% APR pounded monthly. 11.9%...
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Accounting
You have found three investment choices for a one-year deposit: 11.9% APR pounded monthly. 11.9% APR compounded annually, and 11.1% APR compounded daily. Compute the EAR for each investment choice. (Assume that there are 365 days in the year.) The EAR for the first investment choice is % (Round to three decimal places.) The EAR for the second investment choice is % (Round to three decimal places.) The EAR for the third investment choice is % (Round to three decimal places.)
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