Mathematics, 04.06.2020 14:06 dbn4everloved

Jerry just receives a bonus at his job of $10,000. He knows nothing about investing and is offered two accounts to invest his new money in.
Option 1: 4.5% APR compounded annually
Option 2: 4.4% APR compounded daily
Which option would you advise Jerry to take? Explain why or justify your answer
I mathematically.

Answers: 2

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Jerry just receives a bonus at his job of $10,000. He knows nothing about investing and is offered...