Calculating an​ EAR)

(Calculating an​ ;EAR)  Your grandmother asks for your help in choosing a certificate of deposit​ ;(CD) from a bank with a​ ;one-year maturity and a fixed interest rate. The first certificate of​ ;deposit, CD​ ;#1, pays 2.45 percent APR compounded daily​, while the second certificate of​ ;deposit, CD​ ;#2, pays 2.50 percent APR compounded semiannually. What is the effective annual rate​ ;(the EAR) of each​ ;CD, and which CD do you recommend to your​ ;grandmother?

If the first certificate of​ ;deposit, CD​ ;#1, pays 2.45 percent APR compounded daily​, the EAR for the deposit is ___%. ​(Round to two decimal​ ;places.)