You have $3500 to invest, and you have two options: Option A: 3.725% compounded semiannually Option B: 3.675% compounded continuously. (a) Calculate the annual percentage yield for each option. (Round...


You have $3500 to invest, and you have two options:<br>Option A: 3.725% compounded semiannually<br>Option B: 3.675% compounded continuously.<br>(a) Calculate the annual percentage yield for each option. (Round your answers to three decimal places.)<br>Option A<br>Option B<br>Which is the better option?<br>Option A<br>Option B<br>(b) Calculate the future value of each investment after 2 years and after 5 years. (Round your answers to two decimal places.)<br>Years<br>Option A<br>Option B<br>2<br>Does your choice of option depend on the number of years you leave the money invested?<br>Yes<br>No<br>%24<br>

Extracted text: You have $3500 to invest, and you have two options: Option A: 3.725% compounded semiannually Option B: 3.675% compounded continuously. (a) Calculate the annual percentage yield for each option. (Round your answers to three decimal places.) Option A Option B Which is the better option? Option A Option B (b) Calculate the future value of each investment after 2 years and after 5 years. (Round your answers to two decimal places.) Years Option A Option B 2 Does your choice of option depend on the number of years you leave the money invested? Yes No %24

Jun 07, 2022
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