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Is it better to have your interest compounded annually, quarterly, or daily? Why? (10 points: 5 for the correct answer, and 5 for the explanation)

Is it better to have your interest compounded annually, quarterly, or daily? Why? (10 points: 5 for the correct answer, and 5 for the explanation)
asked 163k views
4 votes
Is it better to have your interest compounded annually, quarterly, or daily? Why?

(10 points: 5 for the correct answer, and 5 for the explanation)

asked
User Jason FB
by
8.0k points

1 Answer

3 votes

Answer:

It would be better to have it daily so you can keep an everyday record.

Step-by-step explanation:

answered
User Ashokramcse
by
7.6k points
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