Determine which is the better investment

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Reference no: EM13933507

Determine which is the better investment: 6.45% compounded monthly or 6.63% compounded semi annually. Round your answers to 2 decimal places.

The 6.45% monthly investment gives an effective rate of %.

The 6.63% semi annually investment gives an effective rate of %.

Therefore, the (select) 6.45 % monthly OR 6.63 % semi annually investment is a better investment.

Reference no: EM13933507

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