Multiple Choice
Some financial institutions offer continuous compounding.This means that
A) your effective yield will be about 20% higher than daily compounding.
B) your effective yield will be only slightly higher than daily compounding.
C) in reality they are offering only simple interest.
D) you must deposit at least $10,000 to open an account offering this feature.
Correct Answer:
Verified
Correct Answer:
Verified
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