Question: Explain in words why 5% per year compounded continuously yields more interest than 5% per year compounded monthly.If an investment earns 5% compounded continuously, it

Explain in words why 5% per year compounded continuously yields more interest than 5% per year compounded monthly.If an investment earns 5% compounded continuously, it is ---Select--- as if interest is being added every moment being added at the end of each month . Thus, the interest for one month will have been calculated on ---Select--- a fixed a growing amount, rather than on ---Select--- a growing (larger) the original fixed (smaller) amount used for interest compounded monthly.

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