criswell2463 criswell2463

20-07-2022
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If you were to invest $5,000 into a 3-year certificate of deposit account, which of the following would be most desirable as far as compounding frequency

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stanfordgoddy stanfordgoddy

21-07-2022

If the APR (Annual percentage rate) is calculated using daily/monthly compounding.

APR (Annual percentage rate)

The annual percentage rate is a term that describes the annualized or compounded interest rate to be earned on a principal amount. A deposit of $5,000 would earn the fund owner more interest if it were compounded daily or monthly since the interest rate would be paid more frequently.

You can learn more about calculating the annual percentage rate here https://brainly.com/question/24703884

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