Leave funds for one year without adding to or withdrawing

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Reference no: EM131359802

Periodic interest rates. You have a savings account in which you leave the funds for one year without adding to or withdrawing from the account. Which would you rather? have: a daily compounded rate of 0.035?%, a weekly compounded rate of 0.265?%, a monthly compounded rate of 1.25?%, a quarterly compounded rater of 4.25?%, a semiannually compounded rate of 9?%, or an annually compounded rate of 15?%?

Reference no: EM131359802

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