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9 January, 16:38

A $1000 deposit is put into a savings account. which of the following compounding frequencies will ensure lowest interest earned in 7 years? a. monthly b. quarterly c. semiannually d. annually

the correct answer in (apex) annually

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Answers (2)
  1. 9 January, 17:19
    0
    Annually

    Explanation:

    You list the answer in your question, but this is true because the more times you compound interest, the higher the actual yield.
  2. 9 January, 17:39
    0
    Annually
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