*Post by Laurence*Could someone tell me which produces the highest return?

6.1% compounded monthly or

8% compounded annually.

The latter (assuming that the 6.1% is the per-month rate * 12, i.e. the

"APR" in monthly-payment jargon).

The annual rate for an APR R compounded monthly is:

((1 + R/100/12)^12 - 1)*100

So an APR of 6.1 percent represents a true annual rate of about 6.27

percent.

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