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Author Question: Which of the following bank accounts has the highest effective annual return? (Read 3 times)

kmcolvin

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on: Aug 7, 2023
Which of the following bank accounts has the highest effective annual return?

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an account that pays9% nominal interest with monthly compounding


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an account that pays8% nominal interest with daily (365-day) compounding


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an account that pays9% nominal interest withdaily (365-day)compounding


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an account that pays 8% nominal interest withmonthlycompounding

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Marked as best answer by kmcolvin on Aug 7, 2023

gwisel

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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kmcolvin

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Reply 2 on: Aug 7, 2023
Great answer, keep it coming :)

upturnedfurball

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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