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There are 3 investment options: the principal which enters compound interest every day over an annual interest of 9.5%, compound interest every month over 10%
There are 3 investment options: the principal which enters compound interest every day over an annual interest of 9.5%, compound interest every month over 10% annual interest, and a compound interest that enters compound interest every 3 months over 10.5% annual interest. Which investment is more profitable provided the principal remains the same. - What is the effective interest -1 in the most profitable option?
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