Multiple Choice
Which of the following is NOT true about compound interest
A) As the number of compoundings increases the annual effective interest rate increases
B) As the number of compoundings increases the incremental amount of interest
Increases
C) As the number of compoundings increases the total amount of interest increases
D) As the number of compoundings increases the interest rate remains the same
Correct Answer:
Verified
Correct Answer:
Verified
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