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Consider two investment opportunities, Investment A and Investment B. Investment A pays interest at the rate of 12% per year, compounded monthly. Investment B pays interest at the rate of 11.5% per year,
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27 votes
27 votes
Consider two investment opportunities, Investment A and Investment B. Investment A pays interest at the rate of 12% per year, compounded monthly. Investment B pays interest at the rate of 11.5% per year, compounded daily. Which investment provides the better return

User Sobis
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1 Answer

17 votes
17 votes

Answer:

Investment B

Step-by-step explanation:

This is because it pays it interests daily onlike A which pays it monthly

User Scott Hanselman
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