Register

Anthony is deciding between different savings accounts at his bank. He has four options, based on how frequently interest compounds. Which should he choose if he wants the best …

Anthony is deciding between different savings accounts at his bank. He has four options, based on how frequently interest compounds. Which should he choose if he wants the best …
asked 129k views
1 vote
Anthony is deciding between different savings accounts at his bank. He has four options, based on how frequently interest compounds. Which should he choose if he wants the best rate of return on his interest?

asked
User Ryanlahue
by
8.0k points

1 Answer

7 votes
The options for this questions should be the following:
A. Annual Compounding
B. Semi- Annual Compounding
C. Monthly Compounding
D. Daily Compounding
The correct answer for this question is D: Daily Compounding
answered
User Tippi
by
8.0k points
← Prev Question Next Question →

No related questions found

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

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
What is meant by data mining ?
Link Copied!