Question: 8. Will the future value be larger or smaller if we compound an initial amount more often than annuallyfor example, every 3 months (quarterly) holding
8. Will the future value be larger or smaller if we compound an initial amount more often than annuallyfor example, every 3 months (quarterly) holding the stated interest rate constant? Explain your answer. Zero credit unless there is an explanation. The appropriate interest rate is 13.75%, compounded annually
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