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Pearson Correlation Coefficient X C Get Homework Help With Che X G pyramid scheme - Google Sear x McGraw-Hill Connect Math X M Mathway | Algebra Problem So X G growth factor calculator - Goox + - 0 X → ☆ o () www-awn.connectmath.com/alekscgi/x/Isl.exe/10_u-IgNslkr7j8P3jH-liikypckJW5CXnZGOZv53hcQk1g3y07D_Gp6vJxk_nuqY-WPRXcQOK4I84HtwOkQVKqlx7UHbUjVS9Kvj4YYXBlkPnuHc/path/mgcbern/inclu... Logout MATH 114 Spring B 2020 - B17 Welcome, Kamila Lascala! Math In Our World: A Quantitative Reasoning Approach Enhanced, 1 et connect eBook 0 Help @ ΙΜΑΤΗ Hosted by ALEKS Corp. Test 4 Review Assignment 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Question 21 of 24 (1 point) Attempt 1 of Unlimited 2.4 Apply: Compare investments 1 Determine which is the better investment: 6.98% compounded semiannually or 7.05% compounded quarterly. Round your answers to 2 decimal places. The 6.98% semiannual investment gives an effective rate of x 5 The 7.05% quarterly investment gives an effective rate of 0.073 %. Therefore, the 7.05% quarterly investment is a better investment. Recheck Answer Try one last time Save For Later Submit Assignment © 2020 McGraw-Hill Education. All Rights Reserved. Terms of Use Privacy Ole ta oo 9 Links @ PAO x 4)) May 8:58 PM 3/7/2020

Answer 1

semi annually, the effective If the interest compounded rate is f = (1+0.0699 ) -1 = (1-0349)", = 0.071 If = 7.1% If the interest rate is compounded quarterly, the effective f= (1 + 0.0705) 1 = (1.017625) - 0.070 = 0.012 [f2 = 7.2% Therefore, fq> fi quarterly investment is Therefore, the 7.05% better investment