Which of these savings rates is most favorable?
A) 4% compounded quarterly
B) 4% compounded semi-annually
C) 4% compounded monthly
D) 4% compounded annually

Name: Which of these savings rates is most favorable? A) 4% compounded quarterly B) 4% compounded semi-annually C) 4% compounded monthly D) 4% compounded annually
Brand: Quizplus
Rating: 4.9 (42 reviews)

Question

Quizplus · Accepted Answer

Compounding more frequently will yield more favorable results. Therefore, 4% compounded monthly is the most favorable option.

Which of These Savings Rates Is Most Favorable