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3 votes
Please help me? I'm almost certain it is only option A but I want a second opinion.

Aimee is comparing three investment accounts offering different rates.

Option A: APR of 7.79% compounding monthly

Option B: APR of 7.70% compounding quarterly

Option C: APR of 7.685% compounding daily


She would like to earn at least an 8% annual yield. Which account(s) will give Aimee the yield she wants?

User John Fear
by
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2 Answers

7 votes

Answer: option A only

Explanation:

User Chris Gillatt
by
7.7k points
6 votes
Option c compounded daily means more interest
User Abhishek Dot Py
by
8.8k points
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