dank88enfield dank88enfield
  • 12-03-2018
  • Mathematics
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compounding and continuous compounding apr

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kiaramichele19
kiaramichele19 kiaramichele19
  • 12-03-2018
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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