Determine the effective annual yield for each investment. Then ...

[jjjetplane]

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 = P^ntP = A = Pe^rtY = 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 = P^ntP = A = Pe^rtY = 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

[LP]

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[jjjetplane]

Gracias!

[JaynaD87]

Thanks for the timely response, appreciate it