A higher rate of return would result from a savings account that had which of the following compounding frequencies?

Name: A higher rate of return would result from a savings account that had which of the following compounding frequencies?
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Question

Quizplus · Accepted Answer

The more frequently interest is compounded, the higher the effective rate of return. Daily compounding results in interest being calculated and added to the account balance more often than any other option listed, leading to a higher overall return.

A Higher Rate of Return Would Result from a Savings