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If the interest rates are the same on a CD, which compounding pays more interest? annually semi-annually monthly quarterly
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4 votes
If the interest rates are the same on a CD, which compounding pays more interest?

annually
semi-annually
monthly
quarterly

User Mahesh G
by
7.6k points

1 Answer

2 votes
Monthly, because your value goes up every month.
User Andre Calil
by
7.0k points
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