Homework answers / question archive / What is the nature of interest? Mary is considering two investment options for a $5,000 gift she received for graduation

What is the nature of interest? Mary is considering two investment options for a $5,000 gift she received for graduation

Accounting

Share With

What is the nature of interest? Mary is considering two investment options for a $5,000 gift she received for graduation. Both investments have 9% annual interest rates. One offers quarterly compounding and the other compounds on a semiannual basis. Which investment should she choose and why?