lilly pose la question : if i decide to loan a friend 12000 and he said that he will pay it back in a single payment of 16000 after 5 years.
which compounding period will make the interest rate be as low as possible? daily or yearly?
how can i calculate each (yearly compound and daily compound)? Penny Nom lui répond.
A student pose la question : Hi there, I'm tying to figure out how much interest I would pay on 20,000 if it was 25% compounded daily. Penny Nom lui répond.