Question: please solve t he question quickly, clearly and correctly thanks QUESTION 6 Which of the following rates offers a higher rate of return? A) 3.10%

please solve the question quickly, clearly and correctly thanks QUESTION 6

please solve the question quickly, clearly and correctly thanks

QUESTION 6 Which of the following rates offers a higher rate of return? A) 3.10% compounded semi-annually or B) 3.00% compounded quarterly? a) Which rate offers a higher rate of return? Option A or B? b) What is the effective interest rate for A? 96 c) What is the effective interest rate for B? 96

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