Suppose you have $10,000 to invest. Which investment yields the greater return over 7 years: 6.6% compounded monthly or 6.7% compounded quarterly? A) Both investment plans yield the same return. B) $10,000 invested at 6.6% compounded monthly over 7 years yields the greater return. C) $10,000 invested at 6.7% compounded quarterly over 7 years yields the greater return.

C) $10,000 invested at 6.7% compounded quarterly over 7 years yields the greater return.

Step-by-step explanation:

-We determine the effective interest rate in both scenarios and use it to calculate the investment's value after 7 years.

#Given n=7yrs, P=$10,000 and i=6.6% compounded monthly:

#Given n=7rs, P=10000, i=6.7%

Hence, the investment has the largest value($15,921.75) when the interest rate is compounded quarterly.

i think it is 70

step-by-step explanation: