How is the compounding process related to the payment of interest on savings? What is the general
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How is the compounding process related to the payment of interest on savings? What is the general equation for future value?
Compounding is the process in which an asset's earnings, from either capital gains or interest, are reinvested to generate additional earnings over time. This growth, calculated using exponential functions, occurs because the investment will...
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Compounding of interest occurs when an amount is deposited into a savi...View the full answer
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Related Book For 
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
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