Question: Explain why 9% compounded continuously is better than 9% compounded monthly. O The less frequently interest is compounded, the better the yield. O With

Explain why 9% compounded continuously is better than 9% compounded monthly. O The less frequently interest is compounded, the better the yield. O With 9% compounded continuously, 9% interest is added every day. O With 9% compounded continuously, you begin receiving interest right away, so the interest begins earning interest without any delay. O The continuously compounded interest has a higher nominal rate of interest. O From the continuously compounding interest formula, e to any power is always positive.

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