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Anthony is deciding between different savings accounts at his bank. he has four options, based on how frequently interest compounds. which should he choose if he wants the best …

Anthony is deciding between different savings accounts at his bank. he has four options, based on how frequently interest compounds. which should he choose if he wants the best …
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Anthony is deciding between different savings accounts at his bank. he has four options, based on how frequently interest compounds. which should he choose if he wants the best rate of return on his interest?

User Vladosaurus
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Hello there.
Anthony is deciding between different savings accounts at his bank. he has four options, based on how frequently interest compounds. which should he choose if he wants the best rate of return on his interest?
Daily Compounding
User Joseph Budin
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3 votes
The choices can be found elsewhere and as follows:

A. Annual Compounding
B. Semi- Annual Compounding
C. Monthly Compounding
D. Daily Compounding

I think the correct answer is option D. If he wants the best rate of return on his interest then he should choose daily compounding. Hope this answers the question. Have a nice day.
User Thomas Anthony
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