1. Which is more useful for decision-making; variance or standard deviation? Why? What is the relationship between the two?
2. What is the EAR if the APR is 7 percent compounded monthly? Enter answer as 4 decimals (e.g. 0.1234)
3. What is the EAR if the APR is 15 percent compounded daily? Enter answer as 4 decimals (e.g. 0.1234)