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Which compounding period will make the interest rate be as low as possible? |
2007-03-27 |
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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. |
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$20,000 at 25% compounded daily |
2004-02-03 |
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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. |
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Compounding continuously |
2000-03-21 |
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Gina pose la question : You deposit $1500 in an account that pays 6.5% annual interest, compounded continuously. Find the balance after 10 years. I'm not sure what to do with the "compounded continuously" part. Penny Nom lui répond. |
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