asked 108k views
2 votes
With compound interest, what happens when you start compounding more and more frequently?


1 Answer

5 votes

Answer:

Your money grows faster because the interest is added back into the principle and then the next time it compounds you get interest on the new principle amount.

answered
User Nomie
by
7.9k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.