You have found three investment choices for a one-year deposit: 10% APR compounded monthly, 9% APR compounded annually investment choice. (Assume that there are 365 days in the year.) For the case of 10% APR compounded monthly the EAR is%. (Round to three decimal places.) For the case of 9% APR compounded annually the EAR is %. (Round to three decimal places.) For the case of 9% APR compounded daily the EAR is%. (Round to three decimal places.)
You have found three investment choices for a one-year deposit: 10% APR compounded monthly, 9% APR compounded annually investment choice. (Assume that there are 365 days in the year.) For the case of 10% APR compounded monthly the EAR is%. (Round to three decimal places.) For the case of 9% APR compounded annually the EAR is %. (Round to three decimal places.) For the case of 9% APR compounded daily the EAR is%. (Round to three decimal places.)
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....
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