Question: = Homework: Chapter 5 Homework Question 1, P5-2 (similar ... Part 1 of 7 > HW Score: 0%, 0 of 7 points O Points: 0

= Homework: Chapter 5 Homework Question 1, P5-2 (similar ... Part

= Homework: Chapter 5 Homework Question 1, P5-2 (similar ... Part 1 of 7 > HW Score: 0%, 0 of 7 points O Points: 0 of 1 Save Periodic interest rates. You have a savings account in which you leave the funds for one year without adding to or withdrawing from the account. Which would you rather have: a daily compounded rate of 0.035%, a weekly compounded rate of 0.305%, a monthly compounded rate of 1.45%, a quarterly compounded rater of 3.75%, a semiannually compounded rate of 9%, or an annually compounded rate of 15%? What is the effective annual rate (EAR) of a daily compounded rate of 0.035%? % (Round to two decimal places.)

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