niquelove niquelove

09-12-2016
Mathematics

Answered

Please help me? I'm almost certain it is only option A but I want a second opinion.

Aimee is comparing three investment accounts offering different rates.

Option A: APR of 7.79% compounding monthly

Option B: APR of 7.70% compounding quarterly

Option C: APR of 7.685% compounding daily

She would like to earn at least an 8% annual yield. Which account(s) will give Aimee the yield she wants?

Verified Answer :

Aliwohaish12 Aliwohaish12

09-12-2016

Option c compounded daily means more interest

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brivalenzuela00 brivalenzuela00

21-05-2020

Answer: option A only

Step-by-step explanation:

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