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In shopping for a 5-year investment product that provides the best return on investment, you see that trust companies and banks have provided several options.
In shopping for a 5-year investment product that provides the best return on investment, you see that trust companies and banks have provided several options. The investment that would provide the best return to you is the one that pays:
(A)4.00% per year compounded daily.
(B) 5.05% per year compounded monthly.
(C) 5.10% per year compounded quareterly. (D)5.15% per year compounded semiannually. (E) 5.20% per year compounded annually.
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