Franco wants to have $750,000 when he retires in a year. If he currently has
$700,000 to put in a 1-year CD, which of these APRs and compounding
periods will allow him to reach his goal?
A. An APR of 6.91% compounded monthly
B. An APR of 6.98% compounded quarterly
C. An APR of 6.89% compounded daily
D. An APR of 6.99% compounded semiannually
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