Mathematics, 05.11.2019 08:31, bmr12

Some banks advertise that money in their accounts is compounded continuously. to get an understanding of what this means, divide the year into 100 comma 000 compounding periods per year. apply the compound interest formula for finding future value to approximate what the effective yield would be if the compounding were done continuously for the stated nominal yield.
nominal yield, 19%

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Some banks advertise that money in their accounts is compounded continuously. to get an understandin...