Investment You have $1000 to invest, and you have two options:
Option A: 4.725% compounded semiannually
Option B: 4.675% compounded continuously.
a. Calculate the annual percentage yield for each option. Which is the better option?
b. Calculate the future value of each investment after 2 years and after 5 years. Does your choice of option depend on the number of years you leave the money invested?
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