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Consider the following four investment. 9.5% compounded daily 10% compounded monthly. 10.5% compounded quarterly. 9.4% compounded continuously. Which investment is the most profitable, assuming that

Consider the following four investment.

9.5% compounded daily

10% compounded monthly.

10.5% compounded quarterly.

9.4% compounded continuously.

Which investment is the most profitable, assuming that the initial investment is the same?

What is the effective annual interest rate of the best scheme?

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