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6 April, 03:33

Savings account A and savings account B both offer APRs of 4%, but savings account A compounds interest semiannually, while savings account B compounds interest quarterly. Which savings account offers the higher APY?

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  1. 6 April, 07:01
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    Saving account B because it has more compounding periods per year

    Quarterly means 4 times per year

    Semiannual means 2 times per year
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