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You are opening a savings account that earns compound interest. Which compounding frequency will earn you the MOST money? A) Compounding 1 time a year B) Compounding 4 times a y…

You are opening a savings account that earns compound interest. Which compounding frequency will earn you the MOST money? A) Compounding 1 time a year B) Compounding 4 times a y…
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You are opening a savings account that earns compound interest. Which compounding frequency will earn you the MOST money? A) Compounding 1 time a year B) Compounding 4 times a year C) Compounding monthly or D) Compounding daily

User Binpy
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1 Answer

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D) Compounding daily
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User Andrey Novikov
by
8.1k points
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