With compound interest, what happens when you start compounding more and more frequently?

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04-02-2020
Social Studies

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With compound interest, what happens when you start compounding more and more frequently?

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beingteenowfmao beingteenowfmao · Answer 1 · 2020-02-04T16:50:52+01:00

beingteenowfmao beingteenowfmao

04-02-2020

Answer:

Your money grows faster because the interest is added back into the principle and then the next time it compounds you get interest on the new principle amount.

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With compound interest, what happens when you start compounding more and more frequently?​

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With compound interest, what happens when you start compounding more and more frequently?