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Homework: 8.4 hw (8.3 in old book) Save Score: 0.33 of 1 pt 11 of 14 (11 complete) HW Score: 52.38%, 7.33 of 14 p
Homework: 8.4 hw (8.3 in old book) Save Score: 0.33 of 1 pt 11 of 14 (11 complete) HW Score: 52.38%, 7.33 of 14 p W 8.4.31 Question Help Determine the effective annual yield for each investment. Then select the better investment. Assume 360 days in a year. 5% compounded semiannually: 4.9% compounded daily The effective annual yield for a 5% compounded semiannually investment is % (Round to two decimal places as needed.)
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