If you were opening a savings account with compound interest, would you prefer an account that offers annual compounding, quarterly compounding, or daily compounding? Why? ANSWER IN YOUR OWN WORDS.

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asked Apr 17, 2019 69.3k views

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If you were opening a savings account with compound interest, would you prefer an account that offers annual compounding, quarterly compounding, or daily compounding? Why? ANSWER IN YOUR OWN WORDS.

Mathematics
high-school

Shamilla asked

by Shamilla

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Daily compounding, you can gain more interest this way.

Christopher Janzon answered Apr 20, 2019

by Christopher Janzon

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