How many compounding periods per year are there when interest is compounded annually? Semi-annually? Quarterly? Monthly? Weekly?
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How many compounding periods per year are there when interest is compounded annually? Semi-annually? Quarterly? Monthly? Weekly? Daily?
CompoundingCompounding is the process in which an asset's earnings, from either capital gains or interest, are reinvested to generate additional earnings over time. This growth, calculated using exponential functions, occurs because the investment will...
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