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Leya [2.2K]
3 years ago
6

Determine which is the better investment: compounded semiannually or compounded quarterly. Round your answers to decimal places.

The semiannual investment gives an effective rate of . The quarterly investment gives an effective rate of . Therefore, the investment is a better investment.
Business
1 answer:
puteri [66]3 years ago
3 0

Here's link to the answer:

tinyurl.com/wtjfavyw

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The answer and procedures of the exercise are attached in the following archives.

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