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?

Question

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?

Quizplus · Accepted Answer

The Answer of  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?

Is Deposited into an Account Earning Interest at an Annual