The lowest effective rate of return you could earn on any of these investments is closest to ________
Consider the following investment alternatives:
Investment APR Compounding
A 6.3830% Annual
B 6.2116% Daily
C 6.2834% Quarterly
D 6.2744% Monthly
A) 6.3830%
B) 6.4080%
C) 6.4330%
D) 6.4580%
Answer: A
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