SOLUTION: Would you rather have a savings account that pays 5 % compounded semiannually or one that pays 5% compounded daily? explain

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Question 1087863: Would you rather have a savings account that pays 5 % compounded semiannually or one that pays 5% compounded daily? explain
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
Would you rather have a savings account that pays 5 % compounded semiannually or one that pays 5% compounded daily? explain
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Daily.
Interest accrues faster.