Question: please answer fast ill give thumbs up You have a savings account in which you leave the funds for one year without adding in or
please answer fast ill give thumbs up
You have a savings account in which you leave the funds for one year without adding in or withdrawing from the account. Which would you rather have a weekly compounded rate of 0.355%, a monthly compounded rate of 1.15%, a quarterly compounded rate of 3.75% or a semiannually compounded rate of 8,5% Quarterly Semannully Weeldy Monthly
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
