SOLUTION: using the effective annual yield formula, which of the following is a better investment. 5% compounded monthly or 5.25% compounded quarterly
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Question 316661: using the effective annual yield formula, which of the following is a better investment. 5% compounded monthly or 5.25% compounded quarterly
Answer by nyc_function(2741) (Show Source): You can put this solution on YOUR website!
In order to use the formula, we need more information than just the two given percentages. This question is incomplete.
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