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If you were opening a savings account with compound interest, would you prefer an account that offers annual compounding, quarterly compounding, or daily compounding? Why? ANSWE…

If you were opening a savings account with compound interest, would you prefer an account that offers annual compounding, quarterly compounding, or daily compounding? Why? ANSWE…
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If you were opening a savings account with compound interest, would you prefer an account that offers annual compounding, quarterly compounding, or daily compounding? Why? ANSWER IN YOUR OWN WORDS.

asked
User Shamilla
by
8.5k points

1 Answer

5 votes
Daily compounding, you can gain more interest this way.
answered
User Christopher Janzon
by
8.3k points
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