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Which is the better investment: 5% compounded monthly or 5.25% compounded annually

Which is the better investment: 5% compounded monthly or 5.25% compounded annually
asked 16.5k views
5 votes
Which is the better investment: 5% compounded monthly or 5.25% compounded annually

asked
User Cobaco
by
8.3k points

1 Answer

2 votes
5.25% compunded anually would be the correct answer because in the end you are saving more money
answered
User Molomby
by
8.0k points
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