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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 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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2021-07-30T00:20:44+00:00
2021-07-30T00:20:44+00:00 1 Answers
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Answer:
B. Monthly
Step-by-step explanation: