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A $1000 deposit is put into a savings account. Which of the following compounding frequencies will ensure highest interest earned in 10 years? A. Annually B. Monthly C. Quarterly D. Semiannually
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A $1000 deposit is put into a savings account. Which of the following

compounding frequencies will ensure highest interest earned in 10 years?

A. Annually

B. Monthly

C. Quarterly

D. Semiannually

User Mild Fuzz
by
8.4k points

1 Answer

7 votes

Answer:

B. Monthly

Explanation:

User Tdc
by
8.0k points
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