Compound < Question 18, 8.4.31 > HW Score: 52.27%, 11.5 of 22 points O Points: 0 of 1 Save Determine the effective annual yield for each investment. Then select the better investment. 2.91% compounded semiannually; 2.90% 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.) OA. The second investment, 2.90% compounded monthly, is the better investment because the effective annual yield for the first investment %. is % and the effective annual yield for a 2.90% compounded monthlyinvestment is OB. The first investment, 2.91% compounded semiannually, is the better investment because the effective annual yield for the first investment is % and the effective annual yield for a 2.90% compounded monthlyinvestment is %.