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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- anonymous

can someone walk me through the steps pls

- anonymous

anyone?

- 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

the answer is b.... correct?

- tkhunny

You tell me. What were your results?

- anonymous

im so confused

- anonymous

yes b

- anonymous

thnx so much @mikala1

- anonymous

welcome

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