Audrey is comparing three investment accounts offering different rates.

option a: apr of 9.45% compounding monthly

option b: apr of 9.56% compounding quarterly

option c: apr of 9.569% compounding daily

she would like to earn at least a 10% annual yield.

which account(s) will give alexandra the yield she wants? (3 points)

a. options a and b only

b. option b only

c. options a and conly

d. option conly

Option C is the only option that yields more than 10% annually (10.04%)

Explanation:

Option A's monthly interest = 9.45% / 12 = 0.7875%

option A's annual yield = (1 + 0.7875%)¹² - 1 = 9.87%

Option B's quarterly interest = 9.56% / 4 = 2.39%

option B's annual yield = (1 + 2.39%)⁴ - 1 = 9.9%

Option C's daily interest = 9.569% / 365 = 0.02621644%

option C's annual yield = (1 + 0.02621644%)³⁶⁵ - 1 = 10.04%

answer; planning;