Write the word or phrase that best completes each statement or answers the question.Decide whether the statement makes sense. Explain your reasoning.
-The two accounts were offering the same APR, and both accounts had the same annual
percentage yield, but one account compounded interest monthly while the other
compounded interest quarterly.

Question

Quizplus · Accepted Answer

The Answer is No, the statement does not make sense. If both accounts are paying the same APR,
the account which compounds interest monthly will have a higher annual
percentage yield than the account which compounds quarterly.

Write the Word or Phrase That Best Completes Each Statement