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I am considering placing my annual year-end bonus into one of two accounts offered by my bank Account A compounds semi-annually while account B compounds
I am considering placing my annual year-end bonus into one of two accounts offered by my bank Account A compounds semi-annually while account B compounds monthly. If both accounts have the same effective annual rate of interest and place only my year end bonuses into the account, which account should I choose To be clear, intend to place my year-end bonus into the chosen account each year from the end of this year until retire, which hopefully will be a long time from now. Be careful to explain your reasoning i - BIP = = % s * = z meme uf XX FT:- # DELL I am considering placing my annual year-end bonus into one of two accounts offered by my bank Account A compounds semi-annually while account B compounds monthly. If both accounts have the same effective annual rate of interest and place only my year end bonuses into the account, which account should I choose To be clear, intend to place my year-end bonus into the chosen account each year from the end of this year until retire, which hopefully will be a long time from now. Be careful to explain your reasoning i - BIP = = % s * = z meme uf XX FT:- # DELL
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