Explain how the compounding frequency affects the effective, Financial Management

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Explain how the compounding frequency affects the effective

1. If you save $150 per month for the next ten years and $225 per month for the following 10 ten years, how much will you have 20 years from now assuming that the account earns 8%. Assume beginning of month payments.

2. Explain how the compounding frequency affects the effective annual rate you earn on a bank account. Please be specific.

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Financial Management: Explain how the compounding frequency affects the effective

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