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You deposit 1,000$ in a savings account for a year. Which of the following cases would yield the greatest future value? a. Interest rate 16%
You deposit 1,000$ in a savings account for a year. Which of the following cases would yield the greatest future value? a. Interest rate 16% per year with semi-annual compounding b. Interest rate 18% per year with annual compounding c. Interest rate 16% per year with monthly compounding d. Interest rate 18% per year with quarterly compounding e. Interest rate 18% per year with semi-annual compounding f. Interest rate 16% per year with annual compounding g. Interest rate 18% per year with monthly compounding h. Interest rate 16% per year with quarterly compounding
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