document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1122635>Question 1122635</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Ashley is comparing three investment accounts offering different rates. \r<BR>\n" );
document.write( "\n" );
document.write( "Option A: APR of 4.95% compounding monthly<BR>\n" );
document.write( "Option B: APR of 4.85% compounding quarterly\r<BR>\n" );
document.write( "\n" );
document.write( "Option C: APR of 4.895% compounding daily\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "She would like to earn at least a 5% annual yield. Which account(s) will give Alexandra the yield she wants? (3 points)\r<BR>\n" );
document.write( "\n" );
document.write( "	<BR>\n" );
document.write( "Options A and B only<BR>\n" );
document.write( " 	<BR>\n" );
document.write( "Option B only<BR>\n" );
document.write( " 	<BR>\n" );
document.write( "Options A and C only<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #738781 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=738781\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Look at each of these annually.<BR>\n" );
document.write( "P=Po(1+r/t)^nt<BR>\n" );
document.write( "P/Po=1.05\r<BR>\n" );
document.write( "\n" );
document.write( "Therefore (1+.0495)/12)^12 for a, and that is =1.0506, so a works<BR>\n" );
document.write( "(1+(.0485/4))^4=1.0494, so b does not work<BR>\n" );
document.write( "1+(0.04895/365)^365=1.0502, so c works.<BR>\n" );
document.write( "A and C </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );