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Determine the effective annual yield for each investment. Then select the better investment. Assume 360 days in a year. 4% compounded semiannually: 3.9% compounded daily

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Determine the effective annual yield for each investment. Then select the better investment. Assume 360 days in a year. 4% compounded semiannually: 3.9% compounded daily The effective annual yield for a 4% compounded semiannually investment is % (Round to two decimal places as needed.) The effective annual yield for a 3.9% compounded daily investment is %. (Round to two decimal places as needed.) Choose the better investment below. C of O 4% compounded semiannually 3.9% compounded daily

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