Mathematics, 19.11.2020 05:50 kprincess16r

Savings account A and savings account B both offer APRs of 4%, but savings account A compounds interest semiannually, while savings account B
compounds interest quarterly. Which savings account offers the higher APY?
O A. Savings account A, because it has fewer compounding periods
per year
B. Savings account B, because it has fewer compounding periods per
year
C. Savings account B, because it has more compounding periods per
year
D. Savings account A, because it has more compounding periods per
year

Answers: 3

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Savings account A and savings account B both offer APRs of 4%, but savings account A compounds inte...