A $1000 deposit is put into a savings account. Which of the following compounding frequencies will ensure highest interest earned in 1

Question

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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Tryphena 3 years 2021-07-30T00:20:44+00:00 1 Answers 15 views 0

Answers ( )

    0
    2021-07-30T00:22:21+00:00

    Answer:

    B. Monthly

    Step-by-step explanation:

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