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You have found three investment choices for a one-year deposit: 9.7 % APR compounded monthly,...

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Accounting

You have found three investment choices for a one-year deposit: 9.7 % APR compounded monthly, 9.7 % APR compounded annually, and 9.0 % 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.)

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