Determine the effective annual yield for each investment. Then select the better investment. 11.5% compounded monthly; 11.75% compounded annually Click the icon to view some finance formulas. ........

Extracted text: Determine the effective annual yield for each investment. Then select the better investment. 11.5% compounded monthly; 11.75% compounded annually Click the icon to view some finance formulas. ..... The effective annual yield for a 11.5% compounded monthly investment is %. (Round to two decimal places as needed.) Formulas In the provided formulas, A is the balance in the account after t years, P is the principal investment, r is the annual interest rate in decimal form, n is the number of compounding periods per year, and Y is the investment's effective annual yield in decimal form. nt A A = P = A =Pert Y = - 1 nt 1+ Print Done