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Homework answers / question archive / You have a savings account in which you leave the funds for one year without adding to or withdrawing from the account

You have a savings account in which you leave the funds for one year without adding to or withdrawing from the account

Finance

You have a savings account in which you leave the funds for one year without adding to or withdrawing from the account. Which would you rather? have: a daily compounded rate of 0.035?%, a weekly compounded rate of 0.285?%, a monthly compounded rate of 1.45?%, a quarterly compounded rater of 3.50?%, a semiannually compounded rate of 8?%, or an annually compounded rate of 18?%?

 

I need the answer to What is the EAR of a weekly compounded rate of 0.285?%?

a monthly compounded rate of 1.45?%

a quarterly compounded rater of 3.50?%

a semiannually compounded rate of 8?%,

an annually compounded rate of 18?%?

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