Unit 5 Lab Homework Question 14 of 17 (1 point) | Question Attempt: 1 of Unlimited v 1 V 2 C 4 v 5 6 ~ 7 8 9 = 10 11 12 Determine which is the better investment: 4.52% compounded daily or 4.77% compounded quarterly. Round your answers to 2 decimal places. The 4.52% daily investment gives an effective rate of 1.046 %. X The 4.77% quarterly investment gives an effective rate of 1.0485 %. Therefore, the 4.77% quarterly investment is a better investment