Question: WaneFMAC 8 2 . 2 . 0 9 6 . Explain in words why 5 % per year compounded continuously yields more interest than 5

WaneFMAC82.2.096.
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-
Thus, the interest for one month will have been calculated on amount, rather than on Selectamount used for interest compounded monthly.
WaneFMAC 8 2 . 2 . 0 9 6 . Explain in words why 5

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