asked 221k views
3 votes
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?

2 Answers

7 votes

Answer: option A only

Explanation:

answered
User Chris Gillatt
by
7.7k points
6 votes
Option c compounded daily means more interest
answered
User Abhishek Dot Py
by
8.8k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.