Question: Please someone great expert solve these questions below. 1. a) b) You have found three investment choices for a one-year deposit 10.1 % APR compounded
Please someone great expert solve these questions below.
1.

a)

b)

You have found three investment choices for a one-year deposit 10.1 % APR compounded monthly, 10.1 % APR compounded annually, and 9.6 % APR compounded daily. Compute the EAR for each investment choice. (Assume that there are 365 days in the year.) (Note: Be careful nof to round any intermediate steps less than six decimal places) The EAR for the first investment choice is%. ( Round to three decimal places.) The EAR for the second investment choice is% (Round to three decimal places.) The EAR for the third investment choice is % (Round to three decimal places) You are considering two ways of financing a spring break vacation. You could put it on your credit card, at 17% APR, compounded monthly, or borrow the money from your parents, who want an interest payment of 7 % every six months. Which is the lower rate? (Note Be careful not to round any intermediate steps less than sx decimal places) The effective annual rate for your credit card is%. (Round to two decimal places) The effective annual rate for the loan from your parents is%. (Round to two decimal places ) The option with the lower effective annual rate is (Select from drop-down menu) se the loan from your parents your credit card see You are pleased to see that you have been given a 4.08 % raise this year However, you read on the Wall Street Journal Web site that inflation over the past year has been 2.01%. How much better off are you in terms of real purchasing power? (Note: Be careful not to round any intermediate steps less than six decimal places.) see s Your real purchasing power is % (Round to two decimal places.) see s see sc
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