Question: Rank each interest rate and compounding scheme in order from highest yield to lowest yield. 1. 8% compounded quarterly, 8% compounded monthly, 8% compounded annually?

Rank each interest rate and compounding scheme in order from highest yield to lowest yield.

1. 8% compounded quarterly, 8% compounded monthly, 8% compounded annually?

2. 6% compounded continuously, 6% compounded semiannually, 6% compounded monthly?

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