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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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