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Please help right away!!!

When investing in a savings plan, it is better to _____.

A. Invest all the money you can in the beginning at the highest rate possible and do not add any other money.
B. Invest money in equal amounts over a long period of time at the highest rate possible.
C. Invest all the money you can in the beginning at the highest rate possible, and then add maoney periodically.
D. Invest all the money you can in the beginning at the highest compounding interest rate possible, and then add money periodically.

Respuesta :

it depends on your goals.

typically it's B but it could be D

Answer:

Option D is the answer.

Step-by-step explanation:

When investing in a savings plan, it is better to - Invest all the money you can in the beginning at the highest compounding interest rate possible, and then add money periodically.

This is because, compound interest gains interest on interest. So, such compounding accounts are more beneficial than simple interest accounts.

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