With Continuous Compounding, Why Is the Effective Rate Higher Than

question 5

Essay

With continuous compounding, why is the effective rate higher than the nominal rate?

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Definitions:

Forensic Archaeologist

A specialist who applies archaeological methods and principles to legal cases, often in the recovery and analysis of human remains and environmental evidence.

Datum Point

The starting point or reference for a grid system.

Grid System

A system for recording data from an archaeological excavation into three dimensions.

Relative Date

A method of dating that determines the age of an artifact, feature, or site in comparison or relation to other objects or stratigraphic layers rather than in absolute calendar years.