QuestionWhich account has the highest annual interest rate: A. $3.28\%$, B. $3.25\%$, C. $3.10\%$, D. $3.15\%$, E. $3.25\%$?

Studdy Solution
Now that we have the EAR for each account, we can compare them to find the account with the highest annual interest rate.
Account2 has the highest annual interest rate with an EAR of3.31%.
The correct answer is B. Account2.