Question

Suppose that you have ​$3000 to invest. Which investment yields the greater return over a 10 year​ period: 7.23​% compounded daily or 7.3​% compounded​ quarterly?

Answer 1

you would have less than $3000 or more that $3000 since the value could have gone up or down, $3000/10=300/7.23=41.493.

1. Hope this helps :)