Question
Which of the following is not true of intra-year compounding? Interest is earned on interest during the year The future value of an investment is
Which of the following is not true of intra-year compounding?
Interest is earned on interest during the year
| The future value of an investment is larger than under annual compounding | ||
| 3. | The present value of an investment is smaller than under annual compounding | |
| 4. | None of the above |
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Finance And Financial Intermediation
Authors: Harold L. Cole
1st Edition
0190941707, 978-0190941703
