Question 1 of 10
Savings account A and savings account B both offer APRs of 4%, but savings
a...
Mathematics, 01.07.2021 21:50 tommylopez22713
Question 1 of 10
Savings account A and savings account B both offer APRs of 4%, but savings
account A compounds interest quarterly, while savings account B
compounds interest monthly. Which savings account offers the higher APY?
O A. Savings account A, because it has fewer compounding periods
per year
O B. Savings account B, because it has more compounding periods per
year
C. Savings account B, because it has fewer compounding periods per
year
O D. Savings account A, because it has more compounding periods per
year
SUBMIT
Answers: 3
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