Write the word or phrase that best completes each statement or answers the question.Decide whether the statement makes sense. Explain your reasoning.
-Steve is planning to open a savings account either at Quarterly Bank or at Daily Bank.
Quarterly Bank is offering an APR of 5.5% compounded quarterly, which is clearly the
better deal since Daily Bank is offering an APR of 5.5% but with daily compounding.

Question

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The Answer of Write the word or phrase that best completes each statement or answers the question.Decide whether the statement makes sense. Explain your reasoning.
-Steve is planning to open a savings account either at Quarterly Bank or at Daily Bank.
Quarterly Bank is offering an APR of 5.5% compounded quarterly, which is clearly the
better deal since Daily Bank is offering an APR of 5.5% but with daily compounding.

Write the Word or Phrase That Best Completes Each Statement