George is comparing three investment accounts offering different rates.

account a: apr of 3.75% compounding monthly

account b: apr of 3.85% compounding quarterly

account c: apr of 3.95% compounding daily

which account will give george at least a 4% annual yield? (4 points)

account a

account b

account c

account b and account c

Account C will give George at least a 4% annual yield.

Step-by-step explanation:

This problem can be solved by using simple maths formula given below

Year rate = (1+i)^n-1

where i = compounding rate and n = interval period

Now checking annual rate for each option using above formula

Account A)

Yr = 3.8% ( n= 12 and i= 3.75/12)

Account B)

Yr = 3.9 % ( n= 4 and i= 3.85/4)

Account C)

Yr = 4 % ( n= 365 and i= 3.95/365)

5y

step-by-step explanation:

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