If you could choose a loan that has 5.0% interest compounded daily or 5.0% interest

compounded monthly, which would you choose? Why?

marky Jan 20, 2022

#1**+1 **

A loan with compounding monthly interest compounds every month, whereas a loan with compounding daily interest compounds every day. This means that a loan with **monthly interest is better.**

BuilderBoi Jan 20, 2022