haydhelenperez haydhelenperez

22-12-2016
English

contestada

Explain whether money earns more compounded annually or quarterly.

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thomask4444 thomask4444

22-12-2016

Quarterly because annually takes one year to make money while quarterly makes money four times a year.

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colleen8 colleen8

22-12-2016

Quarterly because the interest will keep adding. For example, if you have $25 in the bank and at the quarter it becomes $26 at the next quarter interest will be added to the 26 so the number gets much bigger

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