You have a savings account in which you leave the funds for one year without adding or withdrawing from the account.
What would you rather have:
a daily compounded rate of 0.045%,
a weekly compounded rate of 0.305%,
a monthly compounded rate of 1.35%,
a quarterly compounded rate of 4.15%,
a semi-annually compounded rate of 8.5%,
or an annually compounded rate of 17% ?