anonymous
  • anonymous
Please Help!!! : Alexandra is comparing three investment accounts offering different rates. Option A: APR of 1.95% compounding monthly Option B: APR of 1.99% compounding quarterly Option C: APR of 1.925% compounding daily She would like to earn at least a 2% annual yield. Which account(s) will give Alexandra the yield she wants? Options A and B only Option B only Options A and C only Option C only
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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jamiebookeater
  • jamiebookeater
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anonymous
  • anonymous
can someone walk me through the steps pls
anonymous
  • anonymous
anyone?
tkhunny
  • tkhunny
Option A: APR of 1.95% compounding monthly (1 + 0.0195/12)^12 - 1 Option B: APR of 1.99% compounding quarterly (1 + 0.0199/4)^4 - 1 Option C: APR of 1.925% compounding daily (1 + 0.01925/365)^365 - 1 There is only one step for each.

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anonymous
  • anonymous
the answer is b.... correct?
tkhunny
  • tkhunny
You tell me. What were your results?
anonymous
  • anonymous
im so confused
anonymous
  • anonymous
yes b
anonymous
  • anonymous
thnx so much @mikala1
anonymous
  • anonymous
welcome

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