Sherman Bryant
12/16/2023 · Elementary School
Which of the given interest rates and compounding periods would provide the best investment? \( 3 \frac{1}{4} \% \) per year, compounded monthly \( 3 \% \) per year, compounded continuously \( 3 \frac{1}{2} \% \) per year, compounded semiannually
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The best investment is with \( 3 \frac{1}{2} \% \) per year, compounded semiannually.
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