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What would you rather have a daily compounded rate

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Reference no: EM131149913

You have a savings account in which you leave the funds for one year without adding or withdrawing from the account.

What would you rather have:

a daily compounded rate of 0.045%,

a weekly compounded rate of 0.305%,

a monthly compounded rate of 1.35%,

a quarterly compounded rate of 4.15%,

a semi-annually compounded rate of 8.5%,

or an annually compounded rate of 17% ?

Reference no: EM131149913

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