amanda03652 amanda03652
  • 20-02-2021
  • Mathematics
contestada

*URGENT* Would it be better to invest at 6% APR compounded annually or 6% APR compounded
continuously?

Respuesta :

greenforestaz
greenforestaz greenforestaz
  • 20-02-2021

Step-by-step explanation:

step 1. compounded annually gives you interest once a year.

step 2. compounded continuously gives you interest every split second and then gives you interest on interest!

step 3. getting interest on your money continuously is better.

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