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Which is the better deal: an account that pays 4% interest compounded daily or one that pays 3.95% compounded continuously?

Which is the better deal: an account that pays 4% interest compounded daily or one that pays 3.95% compounded continuously?
asked 14.4k views
3 votes
Which is the better deal: an account that pays 4% interest compounded daily or one that pays 3.95% compounded continuously?

asked
User Hans Roerdinkholder
by
8.2k points

1 Answer

4 votes

Answer:

compounded continuously

Explanation:

compounded continuously occurs more frequently than daily

answered
User Diego Tercero
by
7.3k points
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