Ask Question
5 November, 00:30

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?

+3
Answers (1)
  1. 5 November, 02:30
    0
    Saving account B because it has more compounding periods per year

    Quarterly means 4 times per year

    Semiannual means 2 times per year
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Savings account A and savings account B both offer APRs of 4%, but savings account A compounds interest semiannually, while savings account ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers