jeff is researching savings accounts to find one with the most earning potential. which comparison will be…

jeff is researching savings accounts to find one with the most earning potential. which comparison will be more helpful? compare the annual percentage yields (apy) or compare how often the interest is compounded

jeff is researching savings accounts to find one with the most earning potential. which comparison will be more helpful? compare the annual percentage yields (apy) or compare how often the interest is compounded

Answer

Brief Explanations:

APY represents the total amount of interest an account will earn in a year, taking compound - ing into account. Comparing APYs directly shows the actual earning potential. While compounding frequency affects APY, APY already encapsulates its effect.

Answer:

compare the annual percentage yields (APY)