Question: Been working on this question for a while and am struggling. Would really appreciate any help. Thx! LeGo Financials offer two investment plans. Investment A

Been working on this question for a while and am struggling. Would really appreciate any help. Thx!

LeGo Financials offer two investment plans. Investment A pays 9 percent interest compounded monthly, whereas Investment B pays 10 percent interest compounded semiannually. What are the effective annual rates of Investment A and Investment B?

9.38 percent and 10.50 percent, respectively

9.38 percent and 10.25 percent, respectively

9.75 percent and 10.25 percent, respectively

9.75 percent and 10.50 percent, respectively

9.94 percent and 10.45 percent, respectively

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