You have found three investment choices for a? one-year deposit: 11?% APR compounded? monthly, 11?% compounded? annually, and 10?% compounded daily. Compute the EAR for each investment choice.
a. What is EAR for 11?% compounded monthly??
b. What is EAR for 11?% compounded annually??
c. What is EAR for 10?% compounded daily??