Is Deposited into an Account Earning Interest at an Annual

question 31

Essay

is deposited into an account earning interest at an annual rate of . Find the value of the account after one year if
A) it is compounded twice a year.
B) it is compounded monthly.
C) it is compounded weekly (52 weeks a year)
D) it is compounded daily (365 days a year)
E) it is compounded continuously.
Does the method of compounding have much effect on the final value?

• A) it is compounded twice a year.
• B) it is compounded monthly.
• C) it is compounded weekly (52 weeks a year)
• D) it is compounded daily (365 days a year)
• E) it is compounded continuously. Does the method of compounding have much effect on the final value?

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