In the last 3 years, mutual fund A grew at the rate of 9.5%/year compounded...

70.2K

Verified Solution

Question

Finance

In the last 3 years, mutual fund A grew at the rate of 9.5%/year compounded quarterly. Over the same period, mutual fund B grew at the rate of 9.6%/year compounded semiannually. Which mutual fund has a better rate of return?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students