document.write( "Question 993444: Savings account A and savings account B both offer APRs of 2%, but savings account A compounds interest quarterly, while savings account B compounds interest monthly. Which savings account offers the higher APY?
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Algebra.Com's Answer #612712 by solver91311(24713)![]() ![]() You can put this solution on YOUR website! \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "For a given APR, the more frequently you compound, the higher the APY.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "John \n" ); document.write( " \n" ); document.write( "My calculator said it, I believe it, that settles it\r \n" ); document.write( "\n" ); document.write( " |