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OpenStudy (anonymous):
Savings account A and savings account B both offer APRs of 7%, but savings account A compounds interest quarterly, while savings account B compounds interest semiannually. Which savings account offers the higher APY? A. Savings account A, because it has more compounding periods per year B. Savings account B, because it has fewer compounding periods per year C. Savings account A, because it has fewer compounding periods per year D. Savings account B, because it has more compounding periods per year @countonme123 @ganeshie8
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OpenStudy (anonymous):
A. Savings account A, because it has more compounding periods per year more compounds means more money being added to the pot :D
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