Question 1 The size of the interest rate (e. g.,
2% versus 49).
Which of these factors can influnce the amount of interest earned in a savings
account? Select all that apply.
Calc
1. The length of time the money is
left in the account to earn interest
(e. g. 5 weeks versus 5 years)
2. The location of the financial
institution (e. g. big city versus
small town)
3. The frequency at which interest is
calculated (e. g., monthly, weekly or
yearly)
4. The size of the principal (e. g., the
® amount of money deposited into
the savings account).