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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asked May 16, 2022 140k views

1 vote

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

Mathematics
high-school

Mild Fuzz asked

by Mild Fuzz

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1 Answer

7 votes

Answer:

B. Monthly

Explanation:

Tdc answered May 20, 2022

by Tdc

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