Asked by Andrea
You have found three investment choices for a one year deposit: 10% APR compounded monthly, 10% APR compounded annually, and 9% APR compounded daily. Compute the EAR for each investment choice. Assume that there are 365 days in the year.
Answers
Answered by
Ms. Sue
Try this site.
http://kclau.com/wealth-management/tvm-compute-effective-annual-rate/
http://kclau.com/wealth-management/tvm-compute-effective-annual-rate/
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