Everfi final exam 2023 - Study guides, Class notes & Summaries

EVERFI FINAL EXAM 2023...

EverFi Financial Final Exam Study Guide 2023 To earn as much interest as possible, you should open a savings account that earns _______ interest and has the ______ interest rate. a. compound; lowest b. compound; highest c. simple; lowest d. simple; highest a. compound; lowest Interest is: a. a charge for lending money to a bank b. the amount owed for borrowing money c. the amount added into your savings when opening a bank account d. a charge for the convenience of accessing mon...

Everfi Final Exam study guide correctly answered 2023Interest the amount owed for borrowing money To earn as much interest as possible, you should open a savings account that earns _____ interest and has the ____ interest rate compound; highest You are opening a savings account that earns compound interest. Which compounding frequency will earn you the MOST money? Compounding daily Which is a type of savings vehicle? Certificate of Deposit and Money market account ...