Which of the items below represents the better return on investment? (One way to decide is to see what the return on a 1$ investment after a year will be) An annual interest rate of 6% compounded quarterly An annual interest rate of 6.1% compounded annually An annual interest rate of 5.95% compounded 365 times per year An annual interest rate of 5.9% compounded continuously

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Which of the items below represents the better return on investment? (One way to decide is to see what the
return on a 1$ investment after a year will be)
An annual interest rate of 6% compounded quarterly
An annual interest rate of 6.1% compounded annually
An annual interest rate of 5.95% compounded 365 times per year
An annual interest rate of 5.9% compounded continuously
Transcribed Image Text:Which of the items below represents the better return on investment? (One way to decide is to see what the return on a 1$ investment after a year will be) An annual interest rate of 6% compounded quarterly An annual interest rate of 6.1% compounded annually An annual interest rate of 5.95% compounded 365 times per year An annual interest rate of 5.9% compounded continuously
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