SOLUTION: Suppose you are considering three investments? Determine which investment is best in terms of its effective Annual Yield.
Investment A offers 5% interest, compounded monthly.
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Investment A offers 5% interest, compounded monthly.
I
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Question 934369: Suppose you are considering three investments? Determine which investment is best in terms of its effective Annual Yield.
Investment A offers 5% interest, compounded monthly.
Investment B offers 4.9% interest, compounded daily.
Investment C offers 4.85% interest, compounded continuously. Answer by ptfile(81) (Show Source):