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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?
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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 Ryanlahue
by
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1 Answer

7 votes
The options for this questions should be the following:
A. Annual Compounding
B. Semi- Annual Compounding
C. Monthly Compounding
D. Daily Compounding
The correct answer for this question is D: Daily Compounding
User Tippi
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