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Determine the effective annual yield for each investment. Then select the better investment. 3.98% compounded semiannually; 3.97% compounded monthly XEE Select the correct choice

 

Determine the effective annual yield for each investment. Then select the better investment. 3.98% compounded semiannually; 3.97% compounded monthly XEE Select the correct choice below and fill in the answer boxes within your choice. (Round to the nearest hundredth as needed) OA. The first investment, 3.98% compounded semiannually, is the better investment because the effective annual yield for the first investment is yield for a 3.97%compounded monthlyinvestment is %. OB. The second investment, 3.97% compounded monthly, is the better investment because the effective annual yield for the first investment is yield for a 3.97% compounded monthlyinvestment is %. % and the effective annual % and the effective annual

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