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Determine which is the better investment:4.78% compounded daily or4.66 % compounded quarterly. Round your answers to2 decimal places. The4.78 %daily investment gives an effective rate
Determine which is the better investment:4.78%
compounded daily or4.66
%
compounded quarterly. Round your answers to2
decimal places.
The4.78
%daily investment gives an effective rate ofwhat percent?
The4.66
%
quarterly investment gives an effective rate ofwhat percent?
Therefore, the
(Choose one)
investment is a better investment.
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