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2 and 3 please 2. Mary Watson has $50,000 to invest in a 4-year certificate of deposit that earns interest at a rate of 3.75%
2 and 3 please
2. Mary Watson has $50,000 to invest in a 4-year certificate of deposit that earns interest at a rate of 3.75% compounded monthly or 3.50% compounded daily. Based on annual yield, which is the better investment? 3. Paul Durant invested $100,000 at 6% compounded daily for 4 years and $100,000 at 6% compounded monthly for 1 year, a) What is the interest earned for 1 year on each investment? b) What is the annual percentage yield for each investment Step by Step Solution
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