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Eulie

  • 3 years ago

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

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  1. Eulie
    • 3 years ago
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    can someone walk me through the steps pls

  2. Eulie
    • 3 years ago
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    anyone?

  3. tkhunny
    • 3 years ago
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    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.

  4. Eulie
    • 3 years ago
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    the answer is b.... correct?

  5. tkhunny
    • 3 years ago
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    You tell me. What were your results?

  6. Eulie
    • 3 years ago
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    im so confused

  7. mikala1
    • 3 years ago
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    yes b

  8. Eulie
    • 3 years ago
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    thnx so much @mikala1

  9. mikala1
    • 3 years ago
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    welcome

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