Business, 28.02.2020 00:15 xojade

You have a savings account in which you leave the funds for one year without adding to or withdrawing from the account. Which would you rather have: a daily compounded rate of 0.055%, a weekly compounded rate of 0.355%, a monthly compounded rate of 1.25%, a quarterly compounded rater of 4.50%, a semiannually compounded rate of 8.5%, or an annually compounded rate of 18%?What is the effective annual rate (EAR) of a daily compounded rate of 0.055%? 22.23% (Round to two decimal places.)What is the EAR of a weekly compounded rate of 0.355%? 20.23% (Round to two decimal places.)What is the EAR of a monthly compounded rate of 1.25%?

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