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borteleto borteleto
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Posts: 2477
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5 years ago
Which of the following investments has the highest effective annual return (EAR)? (Assume that all CDs are of equal risk.)
A) a bank CD that pays 7.00 percent interest compounded daily
B) a bank CD that pays 7.10 percent compounded monthly
C) a bank CD that pays 7.30 percent annually
D) a bank CD that pays 7.25 percent compounded semiannually
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5 years ago
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