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Determine which is the better investment: 3.03% compounded semiannually or 3.05% compounded quarterly. Round your answers to 2 decimal places. X The 3.03% semiannual investment

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Determine which is the better investment: 3.03% compounded semiannually or 3.05% compounded quarterly. Round your answers to 2 decimal places. X The 3.03% semiannual investment gives an effective rate of %. The 3.05% quarterly investment gives an effective rate of %. investment is a better investment. Therefore, the (Choose one) 3.03% semiannual 3.05% quarterly

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