Answer:
The answer is weekly
Step-by-step explanation:
Lets take a quick look at the formula:
[tex]A= P(1+\frac{r}{n} )^{nt}[/tex]
A = the future value of the investment/loan, including interest
P = the principal investment amount (the initial deposit or loan amount)
r = the annual interest rate (decimal)
n = the number of times that interest is compounded per unit t
t = the time the money is invested or borrowed for
Notice that n is an exponent where the greater the n the greater the value. The greatest value of n is when it is inserted weekly which gives n = 52. In 5 years, t will always be constant. Therefore, the greater the number of n, the greater the money earned.
Hope this helps.
