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QUESTION 1: (3 Marks) Amman Company is planning to invest in a project. The following are the available projects available to the company to invest

QUESTION 1: (3 Marks) Amman Company is planning to invest in a project. The following are the available projects available to the company to invest in. Below table shows the interest rates per each project: Projects Annual Interest Rate Interest Compounding 1 15% Daily 2 15.5% Quarterly 3 16% Annually The CEO of the company could not decide on which interest rate will yield to maximum return on investments. Therefore, the CEO asked you to recommend the best project to invest in according to the best interest yield

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