subject
Business, 26.02.2020 00:13 sophie5064

Savings account A and savings account B both offer APRs of 7%, but savings account A compounds interest quarterly, while savings account B compounds interest semiannually. Which savings account offers the higher
APY?

A. Savings account A, because it has fewer compounding periods
per year
B. Savings account A, because it has more compounding periods per
year
C. Savings account B, because it has more compounding periods per
year
D. Savings account B, because it has fewer compounding periods per
year

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Answers: 1

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