[Answer] Anthony is deciding between different savings accounts at his bank. He has four options, based on how frequently interest compounds. Which should he choose if he wants the best rate of return on his interest?

Step 1 : Introduction to the question "Anthony is deciding between different savings accounts at his bank. He has four options, based on how frequently interest compounds. Which should he choose if he wants the best rate of return on his interest? "

...A.) Monthly Compounding B.) Daily Compounding* C.) Annual Compounding D.) Semi-Annual Compounding - Compounding is the process of charging interest on the interest generated on an account. If interest is compounded daily that means that the calculation occurs each day of the year (365 days). If interest is compounded yearly, then n = 1; if semi-annually, then n = 2; quarterly, then n = 4; monthly, then n = 12; weekly, then n = 52; daily, then n = 365; and so forth, regardless of the number of years involved.

[Answer] Deciding that I'd be rather good at DIY, I then bought a 'Carpenters' drill. The fine print was a bit of a 'mouthful', but what did it tell me, that sadly meant the drill didn't have the dual purpose I thought it would?

Step 1 : Introduction to the question "Deciding that I'd be rather good at DIY, I then bought a 'Carpenters' drill. The fine print was a bit of a 'mouthful', but what did it tell me, that sadly meant the drill didn't have the dual purpose I thought it would?"

...We all dislike visiting the dentist, but here is the proof that the dentist does indeed have the monopoly on all drilling of teeth. Sorry. For clarification, a 'Carpenter's' Drill is "An implement with cutting edges, or a pointed end, for boring holes in hard materials, usually by a rotating abrasion or repeated blow". I'll be honest, it DOES sound frighteningly similar to going to the dentist. Maybe they have a good point.