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GoodMad_ GoodMad_
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7 years ago
Some financial institutions offer continuous compounding. This means that
A) you must deposit at least $10,000 to open an account offering this feature.
B) your effective yield will be only slightly higher than daily compounding.
C) in reality they are offering only simple interest.
D) your effective yield will be about 20% higher than daily compounding.
Textbook 
Personal Finance: An Integrated Planning Approach

Personal Finance: An Integrated Planning Approach


Edition: 8th
Author:
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bzapianbzapian
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7 years ago
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GoodMad_ Author
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#2
7 years ago
I'll mark it solved, you deserve it
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