The ______ _____ _____ ________ is the equivalent annual simple interest rate that would yield the same
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The ______ _____ _____ ________ is the equivalent annual simple interest rate that would yield the same amount as compounding n times per year, or continuously, after 1 year.
CompoundingCompounding 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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