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LeGo Financials offer two investment plans. Investment A pays 9 percent interest compounded monthly, whereas Investment B pays 11 percent interest compounded semiannually. What are
LeGo Financials offer two investment plans. Investment A pays 9 percent interest compounded monthly, whereas Investment B pays 11 percent interest compounded semiannually. What are the effective annual rates of the two investments?
a.9.75%; 11.30%
b.9.38%; 10.25%
c.9.38%; 10.50%
d.9.75%; 10.50%
e.9.94%; 10.45%
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