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You are opening a savings account that earns compound interest. Which compounding frequency will earn you the most money?
1. compounding 1 time a year
2. compounding 4 times a year
3. compounding monthly
4. compounding daily

Respuesta :

Answer:

4. compounding daily

Explanation:

The higher the compounding rate , the higher the compound interest. Compounding daily would therefore yield the highest amount of money.

I hope my answer helps you

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