Question

Please Help!!! : Alexandra is comparing three investment accounts offering different rates.

Option A: APR of 1.95% compounding monthly
Option B: APR of 1.99% compounding quarterly
Option C: APR of 1.925% compounding daily

She would like to earn at least a 2% annual yield. Which account(s) will give Alexandra the yield she wants?
Options A and B only

Option B only

Options A and C only

Option C only

Answer 1

can someone walk me through the steps pls

Answer 2

anyone?

Answer 3

Option A: APR of 1.95% compounding monthly

(1 + 0.0195/12)^12 - 1

Option B: APR of 1.99% compounding quarterly

(1 + 0.0199/4)^4 - 1

Option C: APR of 1.925% compounding daily

(1 + 0.01925/365)^365 - 1

There is only one step for each.

Answer 4

the answer is b.... correct?

Answer 5

You tell me. What were your results?

Answer 6

im so confused

Answer 7

yes b

Answer 8

thnx so much @mikala1

Answer 9

welcome