Assessment 2 Practice Question Lumos StepUp High School Algebra 1 - Mathematics Practice test + Workbook

Lumos StepUp High School Algebra 1 - Mathematics Practice test + Workbook Assessment 2

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Maria and Gorvick are comparing investment options for their vacation account. They see one option that compounds the interest annually. Based on their initial investment of $1000, they anticipate an account balance shown in the table below.

A friend of theirs tells them they could earn more interest if the interest was compounded more often, even if the interest rate is the same. Which option compounds the most often?