Would You Prefer a Savings Account That Paid 7% Interest

question 102

Multiple Choice

Would you prefer a savings account that paid 7% interest compounded quarterly,6.8% compounded monthly,7.2% compounded weekly,or an account that paid 7.5% with annual compounding?

• A) 7% compounded quarterly
• B) 6.8% compounded monthly
• C) 7.2% compounded weekly
• D) 7.5% compounded annually

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