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Quandaries & Queries
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 Topic: compounding
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 Which compounding period will make the interest rate be as low as possible? 2007-03-27 From lilly:if i decide to loan a friend 12000 and he said that he will pay it back in a single payment of 16000 after 5 years. which compounding period will make the interest rate be as low as possible? daily or yearly? how can i calculate each (yearly compound and daily compound)?Answered by Penny Nom. \$20,000 at 25% compounded daily 2004-02-03 From A student:Hi there, I'm tying to figure out how much interest I would pay on 20,000 if it was 25% compounded daily.Answered by Penny Nom. Compounding continuously 2000-03-21 From Gina:You deposit \$1500 in an account that pays 6.5% annual interest, compounded continuously. Find the balance after 10 years. I'm not sure what to do with the "compounded continuously" part. Answered by Penny Nom.

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