Savings compounded ____________ would have the lowest effective yield

Name: Savings compounded ____________ would have the lowest effective yield
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Question

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Savings compounded annually would have the lowest effective yield because the more frequently interest is compounded, the higher the effective yield. Annual compounding means interest is added once per year, which is less frequent than monthly, semi-annually, daily, or weekly compounding.

Savings Compounded ____________ Would Have the Lowest Effective Yield