Is it better to have your interest compounded annually, quarterly, or daily? Why? (10 points: 5 for the correct answer, and 5 for the explanation)

asked Jan 27, 2021 163k views

4 votes

Is it better to have your interest compounded annually, quarterly, or daily? Why?

(10 points: 5 for the correct answer, and 5 for the explanation)

5.9k points

Please log in or register to add a comment.

3 votes

Answer:

It would be better to have it daily so you can keep an everyday record.

Step-by-step explanation:

Ashokramcse answered Feb 1, 2021

5.5k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.5m questions

8.7m answers