How to run PHP in WordPress Posts?

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Many bloggers would love to run PHP from inside the posts. Running PHP from inside the post would enable us to do a lot of things, for example, add random advertisments.
Till now I have come to know of supposedly three plugins which will allow you to use PHP from inside your posts, pages and widgets. The three are RunPHP, PHPExec and Exec-PHP. From among this only Exec-PHP is WordPress 2.9.1 compatible.  More...