Explain in your own words what the term compound interest means.What does continuous compounding mean?
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Explain in your own words what the term compound interest means.What does continuous compounding mean?
Compound InterestCompound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan. Thought to have originated in 17th century Italy, compound... Compounding
Compounding 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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compound interest is something in which you receive the interest on your principle amount as well on ...View the full answer
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