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A $1000 deposit is put into a savings account. Which of the following compounding frequencies will ensure highest interest earned in 10 years? A. Annually B. Monthly C. Quarterl…

A $1000 deposit is put into a savings account. Which of the following compounding frequencies will ensure highest interest earned in 10 years? A. Annually B. Monthly C. Quarterl…
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1 vote
A $1000 deposit is put into a savings account. Which of the following

compounding frequencies will ensure highest interest earned in 10 years?

A. Annually

B. Monthly

C. Quarterly

D. Semiannually

asked
User Mild Fuzz
by
8.4k points

1 Answer

7 votes

Answer:

B. Monthly

Explanation:

answered
User Tdc
by
8.0k points
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