Why does the future value of a given amount increase when interest is compounded nonannually as opposed

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Why does the future value of a given amount increase when interest is compounded nonannually as opposed to annually?

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Foundations Of Finance

ISBN: 9781292155135

9th Global Edition

Authors: Arthur J. Keown, John D. Martin, J. William Petty

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Question Posted: Feb 21, 2024 05:00 AM

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Why does the future value of a given amount increase when interest is compounded nonannually as opposed

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Foundations Of Finance

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