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Suppose the bank offers the following savings products: A: Three - year savings account at X % rate, with annual compounding. B: Three - year
Suppose the bank offers the following savings products:
A: Threeyear savings account at X rate, with annual compounding.
B: Threeyear savings account at X rate, with monthly compounding.
C: Threeyear savings account at X rate, with weekly compounding.
D: Threeyear savings account at X rate, with daily compounding.
Where X is the same across products but varies daytoday. Which product would you prefer?
Group of answer choices
Depends on the day
B
A
C
D
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