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%

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.