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klemol [59]
3 years ago
6

What is compounding frequency?

SAT
2 answers:
GaryK [48]3 years ago
8 0
For example, monthly capitalization with annual rate of interest means that the compounding frequency is 12, with time periods measured in years. The effect of compounding depends on: The nominal interest rate which is applied and. The frequency interest is compounded.
Lorico [155]3 years ago
4 0
'Compounding frequency' means how many times interest is added to the account in one year.
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