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Determine which is the better investment: 7.78% compounded daily or 8.02% compounded quarterly. Round your answers to 2 decimal places. The 7.78% daily investment gives

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Determine which is the better investment: 7.78% compounded daily or 8.02% compounded quarterly. Round your answers to 2 decimal places. The 7.78% daily investment gives an effective rate of %. 5 The 8.02% quarterly investment gives an effective rate of %. investment is a better investment. Therefore, the (Choose one) 7.78% daily 8.02% quarterly

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