If the interest rate is the same, an amount compounded semiannually will be Greater than an amount compounded annually.
Why would this amount be greater?
Amounts that are compounded at a smaller frequency will be larger than those compounded at a greater frequency if they are compounded for the same amount of time.
With semiannual compounding being less than annual compounding, the amount will therefore be greater.
Find out more on compounding frequency at https://brainly.com/question/2449900?source=archive.
