Anthony is deciding between different savings accounts at his bank. He has four options, based on how frequently interest compounds. Which should he choose if he wants the best rate of return on his interest?
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He should choose in which while withdraw he can get a high interest.
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Here, I have presented the completion of your question along with options and answers.
Anthony is deciding between different savings accounts at his bank. He has four options, based on how frequently interest compounds. Which should he choose if he wants the best rate of return on his interest?
A. Annual Compounding
B. Semi- Annual Compounding
C. Monthly Compounding
D. Daily Compounding
The correct answer for your question is option (D) – Daily compounding.
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