Determine the effective annual yield for each investment. Then select the better investment. 10.5% compounded monthly; 10.75% compounded annually i Click the icon to view some finance formulas. ... %. The effective annual yield for a 10.5% compounded monthly investment is (Round to two decimal places as needed.) The effective annual yield for a 10.75% compounded annually investment is %. (Round to two decimal places as needed.) Choose the better investment below. . 10.75% compounded annually 10.5% compounded monthly