Consider the following investment​ alternatives:
Investment
Rate
Compounding
A
6.505​%
Annual
B
6.3262​%
Daily
C
6.3998​%
Quarterly
D
6.3895​%
Monthly
The highest effective rate of return you could earn on any of these investments is closest​ to:
A.
6.505​%
B.
6.58​%
C.
6.555​%
D.
6.53​%