Determine the effective annual yield for each investment. Then select the better investment. Assume 360 days in a year. 14

Question

Determine the effective annual yield for each investment. Then select the better investment. Assume 360 days in a year.
14% compounded monthly; 14.25% compounded annually
The effective annual yield for a 14% compounded monthly investment is %.

Kunduz · Accepted Answer

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