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Ollie Gibson is considering investing $10,000 in a certificate of deposit for 4 years at an annual interest rate 4% compounded daily or 4% compounded monthly. Based on the annua…

Ollie Gibson is considering investing $10,000 in a certificate of deposit for 4 years at an annual interest rate 4% compounded daily or 4% compounded monthly. Based on the annua…
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Ollie Gibson is considering investing $10,000 in a certificate of deposit for 4 years at an annual interest rate 4% compounded daily or 4% compounded monthly. Based on the annual percentage yield,which one is one is better investment ?

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User Capede
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2 Answers

1 vote

Answer:

swipe up

Explanation:

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User Shtuper
by
8.7k points
4 votes

Answer: annual interest rate 4%

Explanation:

answered
User Oktalist
by
8.0k points
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