Register

Savings account A and savings account B both offer APRs of 4%, but savings account A compounds interest quarterly, while savings account B compounds interest monthly. Which savi…

Savings account A and savings account B both offer APRs of 4%, but savings account A compounds interest quarterly, while savings account B compounds interest monthly. Which savi…
asked 86.3k views
1 vote
Savings account A and savings account B both offer APRs of 4%, but savings account A compounds interest quarterly, while savings account B compounds interest monthly. Which savings account offers the higher APY?

asked
User Manub
by
8.8k points

2 Answers

4 votes
the answer is b because theres more transactions with mothly that quarterly
answered
User TheRyanMark
by
9.0k points
2 votes

Savings account B because it has more coumpunding periods

answered
User Electricsheep
by
8.1k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!