Which of the following gives the smallest effective yield
Which of the following gives the smallest effective yield? Assume that one year is 365 days.
|18.60% APR compounded daily|
|19.00% APR compounded quarterly|
|20.40% APR compounded annually|
|18.65% APR compounded monthly|
In order to determine the future value of some lump sum, we must use the process of
|none of the above|
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