Fill in each blank so that the resulting statement is true. If compound interest is paid twice

Question:

Fill in each blank so that the resulting statement is true.

If compound interest is paid twice a year, we say that the interest is compounded__________ . If compound interest is paid four times a year, we say that the interest is compounded__________ . If the number of compounding periods increases infinitely, we call this_________ compounding.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

College Algebra

ISBN: 9780134453262

7th Edition

Authors: Robert F Blitzer

Question Posted: