Savings account A and savings account B both offer APRs of 6%, but savings account A compounds interest semiannually, while savi

Question

3 years ago

15

Savings account A and savings account B both offer APRs of 6%, but savings account A compounds interest semiannually, while savi

ngs account B compounds interest quarterly. Which savings account offers the higher APY?
A. Savings account B, because it has more compounding periods per year

B. Savings account A, because it has more compounding periods per year

C. Savings account A, because it has fewer compounding periods per year

D. Savings account B, because it has fewer compounding periods per year

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1 answer:

Amanda [17] · Answer 1 · 2021-11-06T03:31:20+03:00

Amanda [17]3 years ago

5 0

Savings account B, because it has more compounding periods per year