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Determine the effective annual yield for each investment. Then select the better investment. 3 . 8 9 % compounded semiannually; 3 . 8 8 %

Determine the effective annual yield for each investment. Then select the better investment.
3.89% compounded semiannually; 3.88% compounded monthly
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(Round to the nearest hundredth as needed.)
A. The first investment, 3.89% compounded semiannually, is the better investment because the effective annual yield for the first investment is % and the effective annual yield for a 3.88% compounded monthlyinvestment is %.
B. The second investment, 3.88% compounded monthly, is the better investment because the effective annual yield for the first investment is % and the effective annual yield for a 3.88% compounded monthlyinvestment is %.
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