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Consider the following investment alternatives: Investment Rate Compounding A 6.25% Annual B 6.10% Daily C 6.125 Quarterly D 6.120 Monthly The highest effective rate of

Consider the following investment alternatives:

Investment Rate Compounding

A 6.25% Annual

B 6.10% Daily

C 6.125 Quarterly

D 6.120 Monthly

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

a. 6.295%

b. 6.267%

c. 6.310%

d. 6.250%

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