Mathematics, 19.01.2020 05:31 justtryingtopass7

A$1000 deposit is put into a savings account. which of the following compounding frequencies will ensure highest interest earned in 5 years?

a. semiannually
b. monthly
c. quarterly
d. annually

Answers: 1

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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 5 years? a. semiannually b. monthly c. quarterly d. annually

Answers

Another question on Mathematics

A$1000 deposit is put into a savings account. which of the following compounding frequencies will ensure highest interest earned in 5 years?

a. semiannually
b. monthly
c. quarterly
d. annually