Which one of the following investments provides the highest effective annual rate of return (i.e., which...

a. An investment which has a 3.0 percent nominal rate with annual compounding.

b. An investment which has a 2.98 percent nominal rate with semi-annual compounding.

c. An investment which has a 2.965 percent nominal rate with quarterly compounding.

d. An investment which has a 2.9575 percent nominal rate with monthly compounding.

e. An investment which has a 2.955 percent nominal rate and daily (365) compounding.

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jeff jeffy answered 2 months ago

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