Unit 4 Discussion # 1: Annual Interest rate and effective yield 15 pts What is the nature of interest? Mary is considering two investment options for a \$5,000 gift she received for graduation. Both investments have 9% annual interest rates. One offers quarterly compounding and the other compounds on a semiannul basis. Which investment should she choose and why? In your reply, explain the difference between the effective yield and the annual interest rate. Then, choose two of your classmates to respond to. As part of your response, do at least one of the following