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Determine the effective annual yield for each investment. Then select the better investment. 3.91% compounded semiannually; 3.90% compounded monthly

Select the correct choice below and fill the answer boxes within your choice. (Round to the nearest hundredth as needed)

A. The first investment, 3.91% compounded semiannually, is the better investment because the effective annual yield for the first investment is % and the effective annual yield for a 3.90% compounded monthly investment is %.

B. The second investment, 3.90% compounded monthly, is the better investment because the effective annual yield for the first investment is % and the effective annual yield for a 3.90% compounded monthly investment is %.

Determine the effective annual yield for each investment. Then select the better investment. 3.91% compounded semiannually; 3.90% compounded monthly Click the icon to view some finance formulas. Select the correct choice below and fill in the answer boxes within your choice. (Round to the nearest hundredth as needed.) A. The first investment, 3.91% compounded semiannually, is the better investment because the effective annual yield for the first investment is % and the effective annual yield for a 3.90% monthly %. B. The second investment, 3.90% compounded monthly, is the better investment because the effective annual yield for the first investment is % and the effective annual yield for a 3.90% compounded monthly investment is %

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