Changing the compounding period of an annuity
Question: What effect do you think that changing the compounding period of an annuity would have on its future value? Show all work to receive full credit.
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Sum up the effect of changing the compounding period on the future value of a single sum. Describe briefly why this effect appears reasonable.
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What effect do you think that changing the compounding period of an annuity would have on its future value.
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