menu
QAmmunity.org
Login
Register
My account
Edit my Profile
Private messages
My favorites
Register
Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question
A $1000 dollar deposit is put into a savings account. Which of the following compound frequencies will ensure highest interest earned in 5 years? A. Quarterly B.Annually C. Monthly D. Semiannually
asked
Dec 18, 2019
56.9k
views
0
votes
A $1000 dollar deposit is put into a savings account. Which of the following compound frequencies will ensure highest interest earned in 5 years?
A. Quarterly
B.Annually
C. Monthly
D. Semiannually
Mathematics
college
Rien
asked
by
Rien
6.5k
points
answer
comment
share this
share
0 Comments
Please
log in
or
register
to add a comment.
Please
log in
or
register
to answer this question.
2
Answers
4
votes
Answer:
Monthly
Step-by-step explanation:
Ap3x
Aaron Drenberg
answered
Dec 19, 2019
by
Aaron Drenberg
7.0k
points
ask related question
comment
share this
0 Comments
Please
log in
or
register
to add a comment.
0
votes
B - Monthly
Because the more compounds per year the better the outcome.
Quarterly = 4 times per year
Annually = 1 time a year
Semiannual = 2 times per year
Monthly = 12 times per year
Lukiller
answered
Dec 23, 2019
by
Lukiller
5.8k
points
ask related question
comment
share this
0 Comments
Please
log in
or
register
to add a comment.
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.
6.7m
questions
8.8m
answers
Other Questions
What is the least common denominator of the four fractions 20 7/10 20 3/4 18 9/10 20 18/25
What is 0.12 expressed as a fraction in simplest form
arlos has $690,000 he wants to save. If the FDIC insurance limit per depositor, per bank, is $250,000, which of these ways of distributing his money between three banks will guarantee that all of his money
Solve using square root or factoring method plz help!!!!.....must click on pic to see the whole problem
What is the initial value and what does it represent? $4, the cost per item $4, the cost of the catalog $6, the cost per item $6, the cost of the catalog?
Twitter
WhatsApp
Facebook
Reddit
LinkedIn
Email
Link Copied!
Copy
Search QAmmunity.org