Quote:
Originally Posted by krayziebone33
In this case, I would be breaking even no matter which account I chose to roll with in the end? You seem to be saying that if I deposit $1000.00 in both accounts that, if everything else remains constant, I would end up with the same amount of interest earned at the end of the year in both, despite the fact that they credit and compound at different time periods. Is this accurate?
|
Yes. They are, for all practical purposes, the same.