Anne is comparing savings accounts. One account has an interest rate of 1.2 percent compounded yearly, and one account has an interest rate of 1.2 percent compounded monthly. Which account will earn more money in interest?
1) the account that earns 1.2 percent compounded yearly
2) the account that earns 1.2 percent compounded monthly
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Anne is comparing savings accounts. One account has an interest rate of 1.2 percent compounded yearly, and one account has an interest rate ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Jon has complete and transitive preferences on bundles of sodas and pizza. Jon finds one soda and two slices of pizza at least as good as two sodas and a slice of pizza.
Answers (1)
What is the normal balance for the allowance for doubtful accounts (debit or credit), and why?
Answers (1)
Your friend Scotty informs you that he received a "tax-free" reimbursement in 2018 of some medical expenses he paid in 2017. Which of the following statements best explains why Scotty is not required to report the reimbursement in gross income? a.
Answers (1)
When the Federal Reserve aska for more money to be printed, which of the following agencies will be in charge of printing it? A. The federal reserve B. The central bank C. The U. S. Treasury D. The federal open market committee
Answers (2)
Barbara and George have been married for several years. George has learned that when Barbara wants to talk, he needs to eliminate distractions.
Answers (1)
New Questions in Business
Laura owns 6,700 shares of GP Global stock worth $92,460. The firm has 15,000 shares outstanding. Each share is entitled to one vote under the straight voting policy of the firm.
Answers (1)
Vaughn Company exchanged equipment used in its manufacturing operations plus $4,020 in cash for similar equipment used in the operations of Bramble Company. The following information pertains to the exchange. Vaughn Co. Bramble Co.
Answers (1)
You hike uphill at a rate of 200 feet per minute. Your friend hikes downhill on the same trail at a rate of 250 feet per minute. How long will it be until you meet? The friend at the bottom is starting at 100 feet and hiking up.
Answers (1)
A person who offers law-related advice without the appropriate licensing is commuting
Answers (1)
What would the production components be for the input, conversion and output for opening a summer band camp?
Answers (1)