From a simple inspection, it is possible for an investor to rank the four rates of return in each of parts (a) and (b)? If so, state the ranking. Give a brief explanation to justify your answer.
a) 9.0% compounded monthly, 9.1% compounded quarterly, 9.2% compounded semiannually, 9.3% compounded annually.
b) 9.0% compounded annually, 9.1% compounded semiannually, 9.2% compounded quarterly, 9.3% compounded monthly.
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