Savings account A and savings account B both offer APRS of 11%, but
savings account A compounds interest monthly, while savings account B
compounds interest quarterly.
Which savings account offers the higher APY?
A. Savings account A, because it has more compounding periods per year
B. Savings account B, because it has more compounding periods per year
C. Savings account B, because it has fewer compounding periods per year
D. Savings account A, because it has fewer compounding periods per
year
Answers: 3
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Savings account A and savings account B both offer APRS of 11%, but
savings account A compounds int...
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