Which of the following provides the greatest annual interest? 9.5% compounded quarterly or 9.4% compounded daily Which would be preferred by a borrower? Which would be preferred by a saver? 1. 9.5% compounded quarterly if saving II. 9.5% compounded quarterly if borrowing III. 9.4% compounded daily if saving IV.9.4% compounded daily if borrowing I and III II and IV I and IV II and