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Furkat [3]
3 years ago
5

savings account a and savings account B both offer aprs of 11% but savings account A compounds intrest quarterly while Savings A

ccount B compounds intrest semiannually. which of savings account offer the higher APY​
Business
2 answers:
S_A_V [24]3 years ago
7 0

Answer:

savings account A, because it has more  compounding periods per year

Explanation:

Sever21 [200]3 years ago
3 0

The answer is savings account A.

Since savings account A compounds the interest quarterly it adds interest to the account every quarter. This makes it a more profitable account than one that compounds the interest semiannually. The reason is that the bank is adding interest more frequently, so you are earning interest on the interest that the bank has already paid you.

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kozerog [31]
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Mazyrski [523]

Answer:

No silly! :)

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For entrepreneurs, the closer the solution relates to the actual problem the customer is experiencing, the more likely that ther
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For entrepreneurs, the closer the solution relates to the actual problem the customer is experiencing, the more likely that there will be immediate sales upon completion of product development.

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