Consider the following investment$$ alternatives:

Investment

Rate

Compounding

A

$6\mathrm{.}915\%$

Annual

B

$6\mathrm{.}7104\%$

Daily

C

$6\mathrm{.}7901\%$

Quarterly

D

$6\mathrm{.}7756\%$

Monthly

The lowest effective rate of return you could earn on any of these investments is closest$$ to:

Question content area bottom

Part $1$

A$.$

$6\mathrm{.}99\%$

B$.$

$6\mathrm{.}965\%$

C$.$

$6\mathrm{.}94\%$

D$.$

$6\mathrm{.}915\%$