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

Periodic interest rates.

You have a savings account in which you leave the funds for one year without adding to or withdrawing from the account. Which would you rather have: a daily compounded rate of 0.050%,a weekly compounded rate of 0.355%,

a monthly compounded rate of1.25%,a quarterly compounded rater of3.75%,a semiannually compounded rate of

7%,or an annually compounded rate of 17%?

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