If compounding of interest occurs more often than annually,explain how you would compare three interest rates of the same amount:
one that is quoted annually,one semi-annually and one quarterly.At which rate would you expect the same investment amount to grow the most over ten years?

Question

If compounding of interest occurs more often than annually,explain how you would compare three interest rates of the same amount:
 one that is quoted annually,one semi-annually and one quarterly.At which rate would you expect the same investment amount to grow the most over ten years?

Quizplus · Accepted Answer

The Answer of If compounding of interest occurs more often than annually,explain how you would compare three interest rates of the same amount:
 one that is quoted annually,one semi-annually and one quarterly.At which rate would you expect the same investment amount to grow the most over ten years?

If Compounding of Interest Occurs More Often Than Annually,explain How