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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? ANSWE…

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? ANSWE…
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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.

User Shamilla
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1 Answer

5 votes
Daily compounding, you can gain more interest this way.
User Christopher Janzon
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8.3k points
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