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FD Industries was offered two investments: 1. ABC which will pay interest of 10.5 percent compounded semi-annually 2.XYZ which will pay interest of 9.8
FD Industries was offered two investments: 1. ABC which will pay interest of 10.5 percent compounded semi-annually 2.XYZ which will pay interest of 9.8 percent compounded monthly. What is the effective annual interest rate of both investments? Select one: O a. ABC = 10.78% ; XYZ = 10.04% O b. ABC=10.78%; XYZ = 10.25% Oc. ABC 10.92% ; XYZ = 10.25% Od. ABC= .92%; XYZ = 10.17% Oe. ABC = 11.02% : XYZ = 10.04%
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