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Comparison of month and annual compound interest. : Does compounding annually or monthly yield more interest? Explain why.
Sub: Mathematics Topic: Algebra Question: Comparision of month and annual compound interest. ClassOf1 provides expert guidance to College, Graduate, and High school students on homework and assignment problems in Math, Sciences, Finance, Marketing, Statistics, Economics, Engineering, and many other subjects. The formula for calculating the amount of money returned for an initial deposit into a bank account or CD (certificate of deposit) is given by nt r A P 1 n A is the amount of
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