destinysublett4 destinysublett4

06-04-2018
Mathematics

contestada

A $1000 dollar deposit is put into a savings account. Which of the following compound frequencies will ensure highest interest earned in 5 years?
A. Quarterly
B.Annually
C. Monthly
D. Semiannually

Respuesta :

qwerty9086 qwerty9086

06-04-2018

B - Monthly
Because the more compounds per year the better the outcome.

Quarterly = 4 times per year
Annually = 1 time a year
Semiannual = 2 times per year
Monthly = 12 times per year

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PocketSmarties PocketSmarties

26-05-2021

Answer:

Monthly

Explanation:

Ap3x

Answer Link

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