Comparing two savings accounts

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Reference no: EM131072780

You are comparing two savings accounts. Account A has an APR of 4.65 percent and an EAR of 4.75 percent. Account B has an APR of 4.70 percent and an EAR of 4.70 percent. Given this, you should invest in account:

B because it has the lower EAR.

A because it has the lower APR.

B because it has the higher APR.

A because it has the higher EAR.

B because its APR is equal to its EAR.

Reference no: EM131072780

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