An investor has the choice between two investments. Investment Exe offers interest of 4% per year compounded semi-annually for a period of three years. Investment Wye offers one interest payment of 20% at the end of its four-year life. What is the annual effective interest rate offered by Investment Exe and Wye?
A、4.00% 4.66%
B、4.00% 5.00%
C、4.04% 4.66%
D、4.04% 5.00%