Homework Help: Finance for the Healthcare Professional

Posted by Opal on Tuesday, January 12, 2010 at 12:15am.

How does the frequency of interest compounding, regardless of the rate of interest or period of accumulation, affect the future value of any given amount?

Finance for the Healthcare Professional - drwls, Tuesday, January 12, 2010 at 1:37am
More frequent interest compounding increases the annual percentage rate somewhat, and this will increase the future value of a present amount of money.

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