Which account has the highest annual interest rate? a. account 1: interest is compounded annually at a rate of 3.28%. b. account 2: interest is compounded monthly at a rate of 3.25%. c. account 3: interest is compounded weekly at a rate of 3.10%. d. account 4: interest is compounded daily at a rate of 3.15%. e. account 5: interest is compounded quarterly at a rate of 3.25%.

The highest annual interest rate is B. Account 2: Interest is compounded monthly at a rate of 3.25%

Step-by-step explanation:

Let's recall that the compounded interest formula is:

FV = P * (1 + r/n)ⁿ

where FV is the Future Value, P is the principal or initial deposit, r is the interest rate and n the number of times interest is applied per time period.

Now, let's assume we deposit $ 100 in each account. These will be the balances after 12 months (rounded to the next cent):

The highest annual interest rate is B. Account 2: Interest is compounded monthly at a rate of 3.25%

spinning a 1, 2, or 3. option d.

step-by-step explanation: when spinning a number graph up to 4, and aiming for any number less than 3, that automatically eliminates the number 4. now you have two numbers to spin on that are less than 3, but the number 3 is included in this question because it's no greater of an number than itself. i hope this you : )