Question: 7. Will the future value be larger or smaller if we compound an initial amount more often than annually -for example, every 3 months (quarterly)

7. Will the future value be larger or smaller if we

7. Will the future value be larger or smaller if we compound an initial amount more often than annually -for example, every 3 months (quarterly) - holding the stated interest rate constant? Explain your answer. Zero credit unless there is an explanation

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