Question: You just received a $ 1 0 0 , 0 0 0 bonus from your job. You would like to save it towards a down
You just received a $ bonus from your job. You would like to save it towards a down payment on your house for years. Currently there are two savings accounts that you are considering to put your savings in:
Account A pays interest semiannually while account B pays interest monthly.
If both accounts have the same effective annual rate EAR of interest, you should choose
Group of answer choices
either one of the accounts, since you would be indifferent between the two
account B because it has a higher APR
account B because it is compounded more often
account A because it has a higher APR
account A because you will pay less in taxes
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