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Carl and Florence Lyles have the option of investing their $20,000 in a four-year CD with 5.15% interest compounded annually, 5% interest compounded daily, 5.25% interest compounded monthly, or 5.5% interest compounded quarterly. Which would be the best investment?

a) 5% compounded daily
b) 5.5% compounded quarterly
c) 5.25% compounded monthly
d) 5.15% compounded annually

2 Answers

4 votes

Answer:

Answer is B. 5.5% compounded quarterly

Explanation:

User BigUser
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8.3k points
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The answer is D because I asked my math teacher
User Derickito
by
8.2k points
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