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If the interest rates are the same on a CD, which compounding pays more interest? annually semi-annually monthly quarterly

If the interest rates are the same on a CD, which compounding pays more interest? annually semi-annually monthly quarterly
asked 227k views
4 votes
If the interest rates are the same on a CD, which compounding pays more interest?

annually
semi-annually
monthly
quarterly

asked
User Mahesh G
by
8.3k points

1 Answer

2 votes
Monthly, because your value goes up every month.
answered
User Andre Calil
by
7.7k points
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