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Patt 1 of 3 Determine the effective annual yield for each investment. Then select the better investment. 1 2 % compounded monthly; 1 2 .

Patt 1 of 3
Determine the effective annual yield for each investment. Then select the better investment.
12% compounded monthly; 12.25% compounded annually
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The effective annual yield for a 12% compounded monthly investment is (Round to two decimal places as needed.)
Patt 1 of 3 Determine the effective annual yield

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