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Which interest rate and compounding period gives the better return? -8% compounded semianually - 7.85% compounded continuosly

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Question

Basic Math

Which interest rate and compounding period gives the better return?
-8% compounded semianually
- 7.85% compounded continuosly

Answer & Explanation Solved by verified expert
4.2 Ratings (905 Votes)
compoundingcontinuously with 785 interest rate will give you better returnbut very slight difference    See Answer
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