Question

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?

Answer 1

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

Answer 2

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.