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Suppose that you have $10,000 to invest. Which investment yields the greater return over 6 years: 5.4% compounded monthly or 5.5% compounded quarterly?

Suppose that you have $10,000 to invest. Which investment yields the greater return over 6 years: 5.4% compounded monthly or 5.5% compounded quarterly?
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Suppose that you have $10,000 to invest. Which investment yields the greater return over 6 years:

5.4% compounded monthly or 5.5% compounded quarterly?

asked
User Hgbnerd
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7.8k points

1 Answer

5 votes
5.5% quarterly would give you slightly more.
Suppose that you have $10,000 to invest. Which investment yields the greater return-example-1
answered
User Abysslover
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7.6k points
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