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Author Question: Determine the effective annual yield for each investment. Then select the better investment. Assume ... (Read 80 times)

jjjetplane

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Question 1

Determine the effective annual yield for each investment. Then select the better investment. Assume 360 days in a year. Round to the nearest hundredth of a percent when necessary.

A = PntP = A = PertY = n - 1

7% compounded monthly; 7.25% compounded annually
◦ 7.23%; 7.25%; 7.25% compounded annually
◦ 7.3%; 7.25%; 7% compounded monthly
◦ 7%; 7.3%; 7.25% compounded annually
◦ 7.4%; 7.3%; 7% compounded monthly

Question 2

Determine the effective annual yield for each investment. Then select the better investment. Assume 360 days in a year. Round to the nearest hundredth of a percent when necessary.

A = PntP = A = PertY = n - 1

7.4% compounded semiannually; 7.3% compounded daily
◦ 7.5%; 7.4%; 7.4% compounded semiannually
◦ 7.4%; 7.6%; 7.3% compounded daily
◦ 7.7%; 7.6%; 7.4% compounded semiannually
◦ 7.54%; 7.57%; 7.3% compounded daily


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Marked as best answer by jjjetplane on Feb 2, 2020

LP

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jjjetplane

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Reply 2 on: Feb 2, 2020
Thanks for the timely response, appreciate it


abro1885

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Reply 3 on: Yesterday
Wow, this really help

 

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