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3. Is it better to have your interest compounded annually, quarterly, or daily? Why?

Sagot :

zack28030

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Answer: Daily, because your money will have more money have interest on it. For example if 5$ is compounded annually and you get 1.3% a year, then you will get 5.013$ at the end of the year. But if it is compounded daily, at the end of the year you will have 5.07$ which is a lot more.

Explanation:

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