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Because of your outstanding credit, your bank offers you a loan that you will be paying back with interest over five years. Assuming the interest rate is the same, should you choose a loan where your interest
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Because of your outstanding credit, your bank offers you a loan that you will be paying back with interest over five years. Assuming the interest rate is the same, should you choose a loan where your interest will be compounded yearly, compounded monthly, compounded daily, or compounded continuously? Why is your choice the best one?

User MorioBoncz
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I'll choose compounded yearly because you will pay less interest then others compounding periods
Note that more compounding periods more interest bearing
User DEBENDRA DHINDA
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