Differences in compounding of interest
Question: How much difference does it make for a bank account whether there is continuous compounding of interest, or monthly or annual compounding?Using the below information:$2000 deposited in accountinterest rate of 2.25%
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How much difference does it make for a bank account whether there is continuous compounding of interest, or monthly or annual compounding?
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Hi Brooke, Thanks for sharing your post! Your strategy of encouraging independence through choices aligns with Erikson's theory of development
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