Wednesday, 12 February 2020

you have found three investment choices for a one year deposit: 11.3% APR compounded

you have found three investment choices for a one year deposit: 11.3% APR compounded monthly, 11.3% APR compounded annually, and 10.4% APR compounded daily. Compute the EAR for each investment choice. (assume that there are 365 days in the year.)

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