When you are considering different investment options and want to maximize your returns,be sure to compare the investments'

Question

Quizplus · Accepted Answer

When comparing investment options, it's important to consider the Annual Percentage Yield (APY), which takes into account both the interest rate and the compounding frequency. This gives a more accurate picture of the potential returns on an investment. Quoted rates and APRs may not account for compounding, so they may be misleading. Therefore, comparing APYs will help you maximize your returns.

When You Are Considering Different Investment Options and Want to Maximize