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Compounding:

jack bopp

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3 months ago

Compounding:

▸

Calculates interest periodically

▸

Looks into the present when the future is known

▸

Is done only on an annual basis

▸

Results in less interest than simple interest

▸

None of these

Textbook

Math for Business and Finance: an Algebraic Approach

Edition: 3^rd

Author: Slater

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Answer verified by a subject expert

lnvolley24

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More solutions for this book are available here

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jack bopp Author

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3 months ago

Brilliant ツ

jamiebonf99

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Yesterday

Thank you, thank you, thank you!

sleinhi

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2 hours ago

Correct

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