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subodh was offered three(3) different assets, as listed below: Asset 1pays annual interest rate of 9% compounding annually. Asset 2 pays annual interest rate of

subodh was offered three(3) different assets, as listed below:

Asset 1pays annual interest rate of 9% compounding annually.

Asset 2 pays annual interest rate of 8.9% compounding semi-annually.

Asset 3 pays interest rate 8.95 compounding monthly.

Based on effective annual interest rate calculations, which of the above assets is the best choice for subodh. Show the calculations for all three(3) assets

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