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Determine which is the better investment 6.72% compounded semiannual or 6.89% Compounded quarterly round your answer to 2 decimal places.
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Determine which is the better investment 6.72% compounded semiannual or 6.89% Compounded quarterly round your answer to 2 decimal places.

Determine which is the better investment 6.72% compounded semiannual or 6.89% Compounded-example-1
User Bill Velasquez
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Then for part b

if the effective rate of investment 1 is 6.83% and for investment 2 is 7.10%, then investment 2 is a better investment

Determine which is the better investment 6.72% compounded semiannual or 6.89% Compounded-example-1
Determine which is the better investment 6.72% compounded semiannual or 6.89% Compounded-example-2
User Katarzyna
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6.2k points
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