What investment accumulates more interest

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What investment accumulates more interest--15% compounded semi annually, or 14% compounded daily?

a. The 15% option earns one percentage point more than the 14% option over a year

b. The 15% option accumulates more over a year--EAR of 15.5% vs. the 14% option, with an EAR of 15.0%

c. They accumulate the same amount over a year

d. The 14% option earns an EAR of 15% and is better than the 15% option with an EAR of 15.9%

Reference no: EM13847918

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