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goldenfox [79]
3 years ago
7

Compounding and continuous compounding apr

Mathematics
1 answer:
Natasha_Volkova [10]3 years ago
4 0
An interest rate is discretely compounded whenever it is calculated and added to the principal at specific intervals. Continuous compounding uses a natural log-based formula to calculate and add back accrued interest at the smallest possible intervals.
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