Question

PLS HELP!!!
MEDAL IS REWARDED
Write a sentence or two to explain the difference between interest compounded continuously and interest compounded monthly.

Answer 1

@beachgirl12
@Koikkara
@helpmehpls
@Power2Knowledge

Answer 2

@radar
@tanya123
@Vickiesweet
@wolf1728
@zack2122

Answer 3

@SolomonZelman

Answer 4

Interest is the amount that gets added to a financial dealing such as a loan. Daily interest is when interest is calculated every day and is added to the total. Monthly is when interest is calculated every month and quarterly is every 3 months.

Answer 5

so does it affect the interest?

Answer 6

Maybe, Idk Sorry.

Answer 7

@iPwnBunnies

Answer 8

okay thnx though

Answer 9

@jim_thompson5910

Answer 10

@phi

Answer 11

@calculusxy

Answer 12

@rpadin28

Answer 13

@campbell_st

Answer 14

http://www.mymoneyblog.com/interest_compou.html

Answer 15

it is not daily?!!! it is continuously vs monthly

Answer 16

do the needful