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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
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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Eulie
 3 years ago
Best ResponseYou've already chosen the best response.0can someone walk me through the steps pls

tkhunny
 3 years ago
Best ResponseYou've already chosen the best response.1Option 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.

Eulie
 3 years ago
Best ResponseYou've already chosen the best response.0the answer is b.... correct?

tkhunny
 3 years ago
Best ResponseYou've already chosen the best response.1You tell me. What were your results?
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