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Marcy is shopping around for a bank to open a savings account. She considers three: NetnetBank, which offers a rate of 4 . 3 5
Marcy is shopping around for a bank to open a savings account. She considers three: NetnetBank, which offers a rate of compounded annually; SN Bank, which offers compounded weekly; and TUBank, which offers compounded daily. Which of the three banks offers the best deal at the end of one
year?
A SNB Bank is the best offer at the end of one year.
B TJ Bank is the best offer at the end of one year.
C Netnet Bank is the best offer at the end of one year,
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