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(answer=0.9%) #homework 1 1-Which of the following bank accounts has the highest effective annual return? 8% with daily composition 9% with annual composition. ii) 11%

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(answer=0.9%) #homework 1 1-Which of the following bank accounts has the highest effective annual return? 8% with daily composition 9% with annual composition. ii) 11% with monthly composition 12% with semi-annual composition. i) 19% with daily composition or 20% with annual composition. iv) 25% with weekly composition or 26% rate with semi-annual composition. V) 32% with aperture composition or 33% with seasonal composition. vi) 38% with monthly composition or 43% with annual composition

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