Question

You have found three investment choices for a​ one-year deposit: 10.2% APR compounded​ monthly, 10.2% APR...

You have found three investment choices for a​ one-year deposit:

10.2%

APR compounded​ monthly,

10.2%

APR compounded​ annually, and

9.4%

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

nothing​%.

​(Round to three decimal​ places.)

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